53 Howard AveNew BedfordMA02745
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Bedford at 53 Howard Ave, New Bedford, MA, 02745 with 5% annual appreciation on a $569,900 basis while $3,534/mo rent supports operations. 69% in year one. Equity gained on principal adds $3,677/yr, and five-year appreciation sums $157,453 alongside rental yield of 7.44%. Five-year ROI measures 101.8% and total cumulative return in cash totals $190,878. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,534/mo property income versus a $2,789/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1907
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02745, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,386 (100%) |
| Owner Occupied HU | 6,399 (56.2%) |
| Renter Occupied HU | 4,581 (40.2%) |
| Vacant Housing Units | 406 ( 3.6%) |
| Median Home Value | $401,117 |
| Average Home Value | $447,924 |
Housing Distribution
Address Breakdown
Residential
10,121
Single Family
9,164
Multi-Family
957
Businesses
752
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Listed by: Sidney Medeiros • Medeiros & Associates Real Estate
Mls Name: MLS PIN
Mls ID: #73469457