6 Coffin Avenue CtNew BedfordMA02746
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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 6 Coffin Avenue Ct, New Bedford, MA, 02746 uses $116,025 cash to close to unlock $1,441/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,713/mo payment keeps the spread at $120/mo. Purchase price stands at $350,000, and rental yield measures 7.97% with $2,326/mo rent. Return on cash invested shows 21.15% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 109.68% and total cumulative return in cash records $127,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1897
1,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02746, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,613 (100%) |
| Owner Occupied HU | 1,476 (19.4%) |
| Renter Occupied HU | 5,675 (74.5%) |
| Vacant Housing Units | 462 ( 6.1%) |
| Median Home Value | $332,218 |
| Average Home Value | $328,147 |
Housing Distribution
Address Breakdown
Residential
6,007
Single Family
4,020
Multi-Family
1,987
Businesses
578
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Listed by: Kyle Seyboth • Century 21 Limitless
Mls Name: MLS PIN
Mls ID: #73468884