3-5 Melrose StAdamsMA01220
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
Investment Highlights
Investment property for sale in Adams at 3-5 Melrose St, Adams, MA, 01220 listed at $399,900 pairs $2,435/mo rent with a $1,957/mo payment. Total monthly income runs $2,435/mo. Return on cash invested measures 19.14% in year one, and rental yield registers 7.31% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 98.85% and total cumulative return in cash totals $131,036. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,435/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01220, Adams, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,349 (100%) |
| Owner Occupied HU | 2,376 (54.6%) |
| Renter Occupied HU | 1,442 (33.2%) |
| Vacant Housing Units | 531 (12.2%) |
| Median Home Value | $231,808 |
| Average Home Value | $286,094 |
Housing Distribution
Address Breakdown
Residential
3,897
Single Family
3,515
Multi-Family
382
Businesses
255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Nocher • NOCHER REALTY
Mls Name: BCMLS
Mls ID: #248322