2 Lake Ave, Great Barrington, MA, 01230 | $1,553/mo Cash Flow

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2 Lake Ave, Great Barrington, MA, 01230 | $1,553/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Great Barrington at 2 Lake Ave, Great Barrington, MA, 01230 offers a 10.23% rental yield on a $699,000 purchase with $5,958/mo rent. Total monthly income registers $5,958/mo, and a $3,421/mo payment leaves $1,553/mo available for distribution. Annual cash flow reaches $18,631/yr on $229,971 to close, and return on cash invested stands at 28.16% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 147.22% and total cumulative return in cash at $338,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,958/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1983

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

WONDERFUL CONTEMPORARY HOME '' ON THE HILL'' IN GB. CONSIDERED ONE OF GB'S MOST DESIRED AREAS. ENJOY THE CONVENIENCE OF BEING CENTRALLY LOCATED TO SHOPPING, RESTAURANTS, AND ENTERTAINMENT ARE JUST WALKING DISTANCE TO ONE OF NEW ENGLAND'S BEST DOWNTOWN AREAS. THIS OPEN CONCEPTED HOME OFFERS GREAT NATURAL LIGHT AND THE ABILITY AND OPPORTUNITY TO COMMUNE AND ENTERTAIN. THREE BEDROOMS- MAIN BEDROOM OFFERS EN SUITE FULL BATHROOM. ADJACENT IS A GOOD-SIZED BEDROOM WITH CLOSET AND SKYLIGHT. ACROSS THE HALL IS A FULL BATHROOM WITH LAUNDRY FACILITIES. THE THIRD BEDROOM IS HUGE WITH LOFT AREA WHICH COULD EASILY DOUBLE AS A DEN, STUDY, TV ROOM OR MEDITATION AREA. OFF OF THE DINING ROOM IS A SCREENED IN PORCH WITH NATURAL SHADE ALONG THE ENTIRE SOUTH SIDE OF THE HOUSE. JUST PERFECT FOOR THOSE SUMMER EVENINGS! ON THE LOWER LEVEL IS A 20'X 20' PLAYROOM WHICH COULD ALSO SERVE AS A MEDIA ROOM OR OFFICE AND A LARGE UNFINISHED AREA ON THE OTHER SIDE WHICH CURRENTLY SERVES AS A PING PONG TABLE AREA AND UTLITY ROOM. PERENNIAL PLANTINGS TO THE RIGHT AND TWO BEAUTIFUL APPLE TREES THAT YIELDS TREMENDOUSLY ON THE LEFT. NO HERBICIDES OR PESTICIDES WERE EVER USED IN THE SELLERS' 40 YEARS OF OWNERSHIP. THE TWO BLUEBIRD BOXES BOTH PRODUCED YOUNG THIS YEAR( NOT ALL WERE BLUEBIRDS). CONTAINED WITHIN THIS FENCED- IN FLAT .35 ACRE YARD IS A SPECTACULAR POND WITH WATER FEATURES WHICH ARE HOME TO TWELVE OVER -WINTERING GOLDFISH AND SOME FROGS. A CUSTOM-BUILT TREEHOUSE INSPIRED BY THE " JACK AND ANNIE" CHILDREN'S SERIES IN THE TWO MAPLE TREES. TOWARDS THE BACK OF THE PROPERTY ARE HEMLOCKS, A BEAUTIFUL BIRCH, AND THERE IS A SMALL BEECH TREE IN THE RIGHT FRONT OF THE HOUSE.THE POND ATTRACTS MANY BUTTERFLIES AND BIRDS, AND THE LIGHTNING BUG SHOW EACH JUNE IS UNFORGETTABLE. THE HOME HAS THREE HEATING ZONES. ONE OF FORCED HOT AIR AND TWO OF HOT WATER BASEBOARD.FIBER OPTIC CABLE WAS INSTALLLED ON THE STREET LAST WEEK. THE RENTED SOLAR PANELS OFFER A GREEN ENERGY OPTION THAT ARE OFTEN SOUGHT IN BERKSHIRE LIVING. LOCATION, LOCATION, LOCATION!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01230, Great Barrington, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,160 (100%)
Owner Occupied HU	2,784 (54.0%)
Renter Occupied HU	1,139 (22.1%)
Vacant Housing Units	1,237 (24.0%)
Median Home Value	$581,662
Average Home Value	$696,737