64 Blaze RdNew BedfordMA02745
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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 64 Blaze Rd, New Bedford, MA, 02745 priced at $325,000 converts $2,623/mo rent into $574/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,623/mo, and annual cash flow totals $6,891/yr on $107,738 invested. Return on cash invested prints 26.31% in year one, and rental yield reads 9.68% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 137.32% and total cumulative return in cash sums $147,949. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,623/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.30 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: Brian Balestracci • Milestone Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73445531