299 E Main StNorth 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 299 E Main St, North Adams, MA, 01247 offers a 8.08% rental yield on a $209,000 purchase with $1,407/mo rent. Total monthly income registers $1,407/mo, and a $1,023/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,076/yr on $69,284 to close, and return on cash invested stands at 21.46% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 111.34% and total cumulative return in cash at $77,138. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,407/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,276 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
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Listed by: Lisa Mendel • BURNHAM GOLD REAL ESTATE, LLC
Mls Name: BCMLS
Mls ID: #247335