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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lanesborough at 37 Corey Rd #12, Lanesborough, MA, 01237 priced at $265,000 converts $2,518/mo rent into $213/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,518/mo, and annual cash flow totals $2,553/yr on $87,848 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 11.4% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 121.71% and total cumulative return in cash sums $106,923. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,518/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$635 monthly HOA
Neighborhood data shown for ZIP Code: 01237, Lanesboro, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,040 (100%) |
| Owner Occupied HU | 1,165 (57.1%) |
| Renter Occupied HU | 192 ( 9.4%) |
| Vacant Housing Units | 683 (33.5%) |
| Median Home Value | $369,592 |
| Average Home Value | $402,036 |
Residential
858
Single Family
858
Multi-Family
0
Businesses
138
Date | Event | Price |
|---|---|---|
| 2025-03-19 | Price change | $265,000 |
| 2022-05-04 | Listed for sale | $249,900 |
| 2021-09-24 | Sold | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kevin F. Moderski • JIMINY REALTY
Mls Name: BCMLS
Mls Provider:
Mls ID: #245750
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Berkshire County Board of Realtors and the Broker Reciprocity Program. Copyright 2025 Berkshire County Board of Realtors. All rights reserved.
