324 Russell Rd APT 204WestfieldMA01085
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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 324 Russell Rd APT 204, Westfield, MA, 01085 uses $75,582 cash to close to unlock $2,363/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,634/mo, and a $1,116/mo payment keeps the spread at $197/mo. Purchase price stands at $228,000, and rental yield measures 8.6% with $1,634/mo rent. Return on cash invested shows 23.04% in year one, and 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 119.75% and total cumulative return in cash records $90,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,634/mo property income covering a $1,116/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A 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: Team Witalisz • Witalisz & Associates, Inc.
Mls Name: MLS PIN
Mls ID: #73433307