457 W Main StNorth AdamsMA01247
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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 North Adams at 457 W Main St, North Adams, MA, 01247 offers a 10.37% rental yield on a $239,000 purchase with $2,066/mo rent. Total monthly income registers $2,066/mo, and a $1,170/mo payment leaves $559/mo available for distribution. Annual cash flow reaches $6,713/yr on $79,229 to close, and return on cash invested stands at 28.38% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 148.46% and total cumulative return in cash at $117,624. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,066/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1870
4,791 sqft 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: Sean Taylor • MORESI REAL ESTATE PARTNERS
Mls Name: BCMLS
Mls ID: #247171