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Cap Rate Analysis: New Bedford, MA

Investment metrics, interactive calculators, and data-driven analysis for New Bedford rental properties.

Challenging for pure cash flow
Based on $310,000 median price and $1,480/mo median rent
Est. Cap Rate
3.40%
1% Rule
0.48%
Fails
GRM
17.5x
Price / Income
7.7x

Market Data

Median Home Price$310,000
Median Monthly Rent$1,480
Property Tax Rate1.2%
Population101,000
Population Growth0.2% / yr
Median Household Income$40,200
Vacancy Rate5.8%
Annual Appreciation2.8%

Cap Rate Calculator — New Bedford

Pre-filled with New Bedford medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.2% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.77%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$8,582
net operating income
Gross Rent Multiplier
17.5x
High (>15)
1% Rule
0.48%
✗ Fails
Monthly Cash Flow
$715
before debt service
Annual Breakdown
Gross Rental Income$17,760
Less Vacancy−$1,030
Effective Income$16,730
Less Operating Expenses−$8,148
Net Operating Income$8,582

Cash-on-Cash Return — New Bedford

Factor in financing to see your actual return on invested capital in New Bedford.

$
$77,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-9.09%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$86,800
$77,500 down + $9,300 closing
Monthly Mortgage
$1,516
on $233K loan
Monthly Cash Flow
$-658
after all expenses
Annual Cash Flow
$-7,893
before taxes
Cash Flow Breakdown
Monthly Rent$1,480
Less Expenses−$622
Less Mortgage−$1,516
Monthly Cash Flow$-658

Is New Bedford a Good Place to Invest in Rental Property?

New Bedford, MA has a population of 101,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $310,000 paired with median rents of $1,480/mo produces an estimated cap rate of 3.40%.

Property taxes at 1.2% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.8% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 7.7x, homes cost about 7.7 times the local median income of $40,200. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, New Bedford is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

Run a BRRRR analysis for New Bedford
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