16 Spruce StWestfieldMA01085
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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 Westfield at 16 Spruce St, Westfield, MA, 01085 earns $95/mo cash flow from $2,917/mo rent with a $2,191/mo payment. Total monthly income totals $2,917/mo, and annual cash flow totals $1,146/yr on $148,413 capital. ROI tracks 20.68% on current figures, and rental yield reads 7.82% at a $447,700 purchase. Equity gained on principal adds $2,889/yr, and 5% annual appreciation supports $123,691 over five years. Five-year ROI reaches 107.14% and total cumulative return in cash sums $159,004. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,917/mo property income instead of your personal income.
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,524
Single Family
14,486
Multi-Family
2,038
Businesses
1,051
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Listed by: David P. Hall • Berkshire Hathaway Home Service New England Properties
Mls Name: MLS PIN
Mls ID: #73410573