801 Fairway Ave #801Turners FallsMA01376
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 801 Fairway Ave #801, Turners Falls, MA, 01376 in Turners Falls: $1,794/mo in rent, $219/mo in net income, 8.61% gross yield, 1.60 DSCR, all at $249,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $69,043 in appreciation and $2,302/yr in principal paydown projects total cumulative return of $109,013.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.9% |
| Monthly Cash Flow | $219 | $450 |
City averages based on Turners Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,794 |
| Total Monthly Debt Service | $1,476 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01376, Turners Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,601 (100%) |
| Owner Occupied HU | 1,265 (48.6%) |
| Renter Occupied HU | 1,188 (45.7%) |
| Vacant Housing Units | 148 ( 5.7%) |
| Median Home Value | $292,266 |
| Average Home Value | $334,259 |
Housing Distribution
Address Breakdown
Residential
2,440
Single Family
2,143
Multi-Family
297
Businesses
209
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
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01376, Turners Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,601 (100%) |
| Owner Occupied HU | 1,265 (48.6%) |
| Renter Occupied HU | 1,188 (45.7%) |
| Vacant Housing Units | 148 ( 5.7%) |
| Median Home Value | $292,266 |
| Average Home Value | $334,259 |
Housing Distribution
Address Breakdown
Residential
2,440
Single Family
2,143
Multi-Family
297
Businesses
209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donald Mailloux • Coldwell Banker Community REALTORS
Mls Name: MLS PIN
Mls ID: #73395992