38 Hillside DrLenoxMA01240
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 Lenox at 38 Hillside Dr, Lenox, MA, 01240 priced at $300,000 converts $2,431/mo rent into $541/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,431/mo, and annual cash flow totals $6,486/yr on $99,450 invested. Return on cash invested prints 26.43% in year one, and rental yield reads 9.72% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 137.98% and total cumulative return in cash sums $137,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,431/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01240, Lenox, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,358 (100%) |
| Owner Occupied HU | 1,575 (46.9%) |
| Renter Occupied HU | 778 (23.2%) |
| Vacant Housing Units | 1,005 (29.9%) |
| Median Home Value | $517,857 |
| Average Home Value | $668,635 |
Housing Distribution
Address Breakdown
Residential
2,782
Single Family
1,944
Multi-Family
838
Businesses
340
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Listed by: Michael A Sorrentino • BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS-WESTFIELD
Mls Name: BCMLS
Mls Provider:
Mls ID: #245682
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.