16 Collins St #16ChicopeeMA01022
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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
Rental property for sale in Chicopee at 16 Collins St #16, Chicopee, MA, 01022 generates $2,544/mo in rent and, after a $1,297/mo payment, leaves $874/mo in cash flow. Total monthly income is $2,544/mo, and annual cash flow is $10,485/yr on $87,848 invested. Return on cash invested sits at 31.84% in year one, and rental yield is 11.52% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 167% and total cumulative return in cash sums $146,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,544/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01022, Chicopee, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 860 (75.6%) |
| Renter Occupied HU | 249 (21.9%) |
| Vacant Housing Units | 29 ( 2.5%) |
| Median Home Value | $245,122 |
| Average Home Value | $420,183 |
Housing Distribution
Address Breakdown
Residential
1,130
Single Family
748
Multi-Family
382
Businesses
65
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Listed by: Jeffrey Brochu • Brochu Real Estate
Mls Name: MLS PIN
Mls ID: #73458620