138 Main St UNIT 11, Westfield, MA, 01085 | $413/mo Cash Flow

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138 Main St UNIT 11, Westfield, MA, 01085 | $413/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Westfield at 138 Main St UNIT 11, Westfield, MA, 01085 generates $2,114/mo in rent and, after a $1,321/mo payment, leaves $413/mo in cash flow. Total monthly income is $2,114/mo, and annual cash flow is $4,955/yr on $89,472 invested. Return on cash invested sits at 25.45% in year one, and rental yield is 9.4% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 132.69% and total cumulative return in cash sums $118,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,114/mo property income rather than buyer’s personal income.

Townhouse

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Meetinghouse Commons! This condominium was built in 2005 and is ready for its second owner. Conveniently located in downtown Westfield, area amenities include restaurants, shopping, the Rail Trail and much, much more. When walking in, you are greeted by a spacious living room leading into the eat-in kitchen. The kitchen is adorned with beautiful, wood cabinets and features a pass-through window. Also on the first floor is a half bathroom. Both bedrooms are on the second floor with the full bathroom featuring an oversized vanity and tub/shower. The individual basement has laundry as well as plenty of room for storage or the opportunity to be partially-finished. Recent updates include refinished, hardwood flooring throughout and a fresh coat of paint. Do not miss the opportunity to see this home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01085, Westfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,388 (100%)
Owner Occupied HU	11,178 (64.3%)
Renter Occupied HU	5,229 (30.1%)
Vacant Housing Units	981 ( 5.6%)
Median Home Value	$354,538
Average Home Value	$397,530