520 State Rd #401North 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 520 State Rd #401, North Adams, MA, 01247 offers a 1.76% rental yield on a $1,495,000 purchase with $2,189/mo rent. 03% in year one. Equity gained on principal adds $9,647/yr while 5% annual appreciation supports $413,041 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,189/mo property income against a $7,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$1,002 monthly 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: Carrie Lobovits Wright • WILLIAM PITT SOTHEBY'S - LENOX
Mls Name: BCMLS
Mls Provider:
Mls ID: #246147
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