60 Sutton StNew BedfordMA02746
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in New Bedford at 60 Sutton St, New Bedford, MA, 02746 priced at $275,000 converts $1,870/mo rent into $137/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,870/mo, and annual cash flow totals $1,641/yr on $91,163 invested. Return on cash invested prints 21.71% in year one, and rental yield reads 8.16% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 112.64% and total cumulative return in cash sums $102,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,870/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,459 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: Nicholas Mitcheson • Berkshire Hathaway HomeServices Robert Paul Properties
Mls Name: MLS PIN
Mls ID: #73461940