23 Tannery Rd APT B, Westfield, MA, 01085 | $703/mo Cash Flow

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23 Tannery Rd APT B, Westfield, MA, 01085 | $703/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 23 Tannery Rd APT B, Westfield, MA, 01085 offers $2,152/mo rent that, after a $1,125/mo payment, leaves $703/mo cash flow. Total monthly income is $2,152/mo, and annual cash flow is $8,439/yr on $76,212 cash. Return on cash invested measures 30.98% in year one, and rental yield stands at 11.23% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 162.4% and total cumulative return in cash reaches $123,767. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,152/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! This well-maintained 2-bedroom, 1.5-bath townhouse located in Tannery Crossing offers comfort, convenience, and value in the heart of Westfield. Featuring over 850 sq. ft. of living space, the main level includes a bright eat-in kitchen with a slider leading to a private patioperfect for relaxing or entertaining outdoors. Upstairs youll find two spacious bedrooms and a full bath. The private basement provides excellent storage, a laundry area, and a partially finished bonus room ideal for a home office, gym, or hobby space. This unit comes with 2 parking spaces conveniently located directly in front of main entry door. Located near area amenities, shopping, and major routes, this home offers an affordable opportunity for ownership in a desirable community.

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