45 College AveNorth AdamsMA01247
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 North Adams at 45 College Ave, North Adams, MA, 01247 priced at $289,000 converts $2,240/mo rent into $418/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,240/mo, and annual cash flow totals $5,016/yr on $95,804 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 9.3% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 131.06% and total cumulative return in cash sums $125,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,240/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.29 Acres 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: Alyssa Sherman • MORESI REAL ESTATE PARTNERS
Mls Name: BCMLS
Mls ID: #247145