244 Ontario AveHolyokeMA01040
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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 Holyoke at 244 Ontario Ave, Holyoke, MA, 01040 offers $3,342/mo rent that, after a $1,884/mo payment, leaves $916/mo cash flow. Total monthly income is $3,342/mo, and annual cash flow is $10,991/yr on $127,594 cash. Return on cash invested measures 28.52% in year one, and rental yield stands at 10.42% at a $384,900 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,341 by year five. Five-year ROI records 149.17% and total cumulative return in cash reaches $190,335. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,342/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01040, Holyoke, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,038 (100%) |
| Owner Occupied HU | 6,491 (38.1%) |
| Renter Occupied HU | 9,211 (54.1%) |
| Vacant Housing Units | 1,336 ( 7.8%) |
| Median Home Value | $316,021 |
| Average Home Value | $346,037 |
Housing Distribution
Address Breakdown
Residential
15,801
Single Family
11,173
Multi-Family
4,628
Businesses
1,214
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Listed by: Carlos Ramos • Executive Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73420854