700 Shore Drive #1205Fall RiverMA02721
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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
Total monthly income runs $2,920/mo, and a $2,300/mo payment. Purchase price stands at $470,000, and rental yield measures 7.46% with $2,920/mo rent. Return on cash invested shows 19.59% in year one, and 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 101.28% and total cumulative return in cash records $157,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,920/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02721, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,042 (100%) |
| Owner Occupied HU | 4,108 (31.5%) |
| Renter Occupied HU | 7,915 (60.7%) |
| Vacant Housing Units | 1,019 ( 7.8%) |
| Median Home Value | $451,075 |
| Average Home Value | $480,831 |
Housing Distribution
Address Breakdown
Residential
11,624
Single Family
8,104
Multi-Family
3,520
Businesses
850
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Listed by: Farrah DiPietro • Coastal Homes Realty Group LLC
Mls Name: CCIMLS
Mls ID: #22504477