340 Pendleton AveChicopeeMA01020
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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 Chicopee at 340 Pendleton Ave, Chicopee, MA, 01020 generates $2,239/mo in rent, after a $2,741/mo payment. Total monthly income is $2,239/mo. Return on cash invested sits at 11.65% in year one, and rental yield is 4.8% on a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 58.69% and total cumulative return in cash sums $108,137. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,239/mo property income rather than buyer’s personal income.
Multi Family
Built in 1881
1.37 Acres 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: Thomas Bretta • Berkshire Hathaway HomeServices Realty Professionals
Mls Name: MLS PIN
Mls ID: #73456879