38 Morgan MnrLenoxMA01240
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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
Investment Highlights
Investment property for sale in Lenox at 38 Morgan Mnr, Lenox, MA, 01240 with 5% annual appreciation on a $290,000 basis while $2,100/mo rent supports operations. Total monthly income totals $2,100/mo and a $1,419/mo payment preserves $273/mo for cash returns. Annual cash flow comes to $3,271/yr on $96,135 deployed, and return on cash invested reaches 23.31% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,122 alongside rental yield of 8.69%. Five-year ROI measures 121.26% and total cumulative return in cash totals $116,572.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,100/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1968
N/A 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: Katie Soules • William Raveis Real Estate
Mls Name: William Raveis Real Estate, Mortgage & Insurance
Mls ID: #247094