61 Morton 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 61 Morton Ave, New Bedford, MA, 02745 uses $159,087 cash to close to unlock $5,438/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $3,478/mo, and a $2,349/mo payment keeps the spread at $453/mo. Purchase price stands at $479,900, and rental yield measures 8.7% with $3,478/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 121.34% and total cumulative return in cash records $193,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,478/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.28 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: Kim Thomas • Realty One Group, LLC
Mls Name: MLS PIN
Mls ID: #73456902