1709 Memorial DrChicopeeMA01020
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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 Chicopee at 1709 Memorial Dr, Chicopee, MA, 01020 uses $65,969 cash to close to unlock $8,445/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $1,958/mo, and a $974/mo payment keeps the spread at $704/mo. Purchase price stands at $199,000, and rental yield measures 11.81% with $1,958/mo rent. Return on cash invested shows 32.71% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 171.65% and total cumulative return in cash records $113,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,958/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1946
7,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01020, Chicopee, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,063 (100%) |
| Owner Occupied HU | 8,557 (60.8%) |
| Renter Occupied HU | 4,754 (33.8%) |
| Vacant Housing Units | 752 ( 5.3%) |
| Median Home Value | $300,686 |
| Average Home Value | $369,267 |
Housing Distribution
Address Breakdown
Residential
13,461
Single Family
11,000
Multi-Family
2,461
Businesses
743
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Listed by: Gretchen O'Neil • Coldwell Banker Community REALTORS
Mls Name: MLS PIN
Mls ID: #73436422