243 Union St #LL1North AdamsMA01247
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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 North Adams at 243 Union St #LL1, North Adams, MA, 01247 listed at $429,500 pairs $2,231/mo rent with a $2,102/mo payment. Total monthly income runs $2,231/mo. Return on cash invested measures 12% in year one, and rental yield registers 6.23% at a $429,500 basis. Equity gained on principal adds $2,772/yr, and annual property appreciation at 5% supports $118,663 by year five. Five-year ROI tracks 62.04% and total cumulative return in cash totals $88,334. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,231/mo property income relative to a $2,102/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$462 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01247, North Adams, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,954 (100%) |
| Owner Occupied HU | 3,987 (50.1%) |
| Renter Occupied HU | 2,854 (35.9%) |
| Vacant Housing Units | 1,113 (14.0%) |
| Median Home Value | $297,571 |
| Average Home Value | $404,729 |
Housing Distribution
Address Breakdown
Residential
6,795
Single Family
6,382
Multi-Family
413
Businesses
576
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Listed by: Suzette M Lyons • BURNHAM GOLD REAL ESTATE, LLC
Mls Name: BCMLS
Mls Provider:
Mls ID: #245817
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