644-648 King Philip StFall RiverMA02724
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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 Fall River at 644-648 King Philip St, Fall River, MA, 02724 uses $226,977 cash to close to unlock $12,617/yr annual cash flow and $1,051/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $3,377/mo payment keeps the spread at $1,051/mo. Purchase price stands at $689,900, and rental yield measures 9.39% with $5,400/mo rent. Return on cash invested shows 25.62% in year one, and 5% annual appreciation builds toward $190,607 over five years. Five-year ROI reaches 133.59% and total cumulative return in cash records $303,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
0.34 Acres 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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Listed by: Russell Guerriero • Russ G Realty Group
Mls Name: MLS PIN
Mls ID: #73460300