847 Locust StFall RiverMA02720
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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 847 Locust St, Fall River, MA, 02720 priced at $735,000 converts $2,425/mo rent into after a $3,597/mo obligation. Total monthly income equals $2,425/mo. Return on cash invested prints 9.11% in year one, and rental yield reads 3.96% against a $735,000 entry. Equity gained on principal adds $4,743/yr, while 5% annual appreciation compiles into $203,067 by year five. Five-year ROI reaches 45.03% and total cumulative return in cash sums $108,900. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,425/mo property income covering a $3,597/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
7,622 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02720, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,665 (100%) |
| Owner Occupied HU | 5,815 (39.7%) |
| Renter Occupied HU | 7,892 (53.8%) |
| Vacant Housing Units | 958 ( 6.5%) |
| Median Home Value | $449,136 |
| Average Home Value | $481,814 |
Housing Distribution
Address Breakdown
Residential
13,501
Single Family
10,023
Multi-Family
3,478
Businesses
1,002
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Listed by: Roody Lambert • MIG
Mls Name: MLS PIN
Mls ID: #73442599