31 Millard AveClarksburgMA01247
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
Rental property for sale in Clarksburg at 31 Millard Ave, Clarksburg, MA, 01247 priced at $165,000 converts $3,229/mo rent into $2,189/mo cash flow after a $808/mo obligation. Total monthly income equals $3,229/mo, and annual cash flow totals $26,263/yr on $54,698 invested. Return on cash invested prints 67.92% in year one, and rental yield reads 23.48% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 360.5% and total cumulative return in cash sums $197,183. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,229/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,405 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: Tina M Dobbert • MORESI REAL ESTATE PARTNERS
Mls Name: BCMLS
Mls ID: #246736