609 King Philip StFall RiverMA02724
Nearby investment properties with comparable rents
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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
Rental property for sale in Fall River at 609 King Philip St, Fall River, MA, 02724 priced at $789,990 converts $1,863/mo rent into after a $3,867/mo obligation. Total monthly income equals $1,863/mo. Return on cash invested prints 5.67% in year one, and rental yield reads 2.83% against a $789,990 entry. Equity gained on principal adds $5,098/yr, while 5% annual appreciation compiles into $218,260 by year five. Five-year ROI reaches 26.62% and total cumulative return in cash sums $69,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,863/mo property income covering a $3,867/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
6,482 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02724, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,291 (100%) |
| Owner Occupied HU | 2,913 (31.4%) |
| Renter Occupied HU | 5,681 (61.1%) |
| Vacant Housing Units | 697 ( 7.5%) |
| Median Home Value | $479,623 |
| Average Home Value | $511,620 |
Housing Distribution
Address Breakdown
Residential
7,466
Single Family
5,311
Multi-Family
2,155
Businesses
362
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Nearby investment properties with comparable prices
Listed by: Victor Rosario • Rosario Real Estate LLC
Mls Name: MLS PIN
Mls ID: #73470108