28 Mill StNorth AdamsMA01247
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 28 Mill St, North Adams, MA, 01247 in North Adams earns a 9.22% gross yield at $163,900. Rent of $1,259/mo nets $226/mo after the $737/mo mortgage. The 1.71 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $45,283 and $1,510/yr in equity accumulation project a total cumulative return of $76,824.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.1% |
| Monthly Cash Flow | $226 | $900 |
City averages based on North Adams market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,259 |
| Total Monthly Debt Service | $968 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1873
3,920 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1873
3,920 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mariah Worth • LAMACCHIA REALTY, INC
Mls Name: BCMLS
Mls ID: #248473