32 Spring St #38, North Adams, MA, 01247 | $419/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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32 Spring St #38, North Adams, MA, 01247 | $419/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Adams at 32 Spring St #38, North Adams, MA, 01247 earns $419/mo cash flow from $1,680/mo rent with a $979/mo payment. Total monthly income totals $1,680/mo, and annual cash flow totals $5,032/yr on $66,300 capital. ROI tracks 27.5% on current figures, and rental yield reads 10.08% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 143.76% and total cumulative return in cash sums $95,312. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,680/mo property income instead of your personal income.

Multi Family

Built in 1860

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a four-family property. Property is VACANT. Seller is conveying lot 56-A & Lot 56-B Updated mechanicals ready for the next owner to complete. Each unit has 2 bedrooms, 1 bathroom, and a bigger living room space with windows that allow lots of natural light to shine through. The kitchen is a moderate size giving enough area for people to maneuver. The property is located close to schools, restaurants, convenience stores, Mass College of Liberal Arts, and Mass MoCA.

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