88 Harrison St #5Fall RiverMA02723
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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 88 Harrison St #5, Fall River, MA, 02723 uses $74,571 cash to close to unlock $1,634/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,554/mo, and a $1,101/mo payment keeps the spread at $136/mo. Purchase price stands at $224,950, and rental yield measures 8.29% with $1,554/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $62,150 over five years. Five-year ROI reaches 114.79% and total cumulative return in cash records $85,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02723, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,898 (100%) |
| Owner Occupied HU | 2,070 (26.2%) |
| Renter Occupied HU | 5,243 (66.4%) |
| Vacant Housing Units | 585 ( 7.4%) |
| Median Home Value | $388,732 |
| Average Home Value | $399,934 |
Housing Distribution
Address Breakdown
Residential
6,949
Single Family
4,842
Multi-Family
2,107
Businesses
486
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Listed by: Carolyn Bassett • RE/MAX Host of Homes
Mls Name: MLS PIN
Mls ID: #73428542