351 N Elm St, Westfield, MA, 01085 | $578/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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351 N Elm St, Westfield, MA, 01085 | $578/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 351 N Elm St, Westfield, MA, 01085 offers $2,154/mo rent that, after a $1,224/mo payment, leaves $578/mo cash flow. Total monthly income is $2,154/mo, and annual cash flow is $6,935/yr on $82,875 cash. Return on cash invested measures 28.28% in year one, and rental yield stands at 10.34% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 147.85% and total cumulative return in cash reaches $122,530. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,154/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

This unique commercially zoned property is being offered for the first time in more than 40 years! If you have a small business that would benefit from the visibility of this location then please be sure to check this property out. This offering consists of 2 stand alone buildings on .40 of an acre. One building is a 2 bedroom 1 bath ranch with a heated 432 sqft workspace off the back of the building. Would be awesome space for a business owner who wishes to live on site or could be used as office space for the business! The second building includes two workshops totaling approximately 1000sq ft plus a storage area and a half bath. Each building has it's own heating system and both buildings have newer roofs! The two bedroom home also has a full basement. Buyer to verify intended use with the City of Westfield.

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