585 Sheridan St APT 10ChicopeeMA01020
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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 585 Sheridan St APT 10, Chicopee, MA, 01020 generates $2,856/mo in rent and, after a $1,468/mo payment, leaves $966/mo in cash flow. Total monthly income is $2,856/mo, and annual cash flow is $11,588/yr on $99,417 invested. Return on cash invested sits at 31.56% in year one, and rental yield is 11.43% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 165.49% and total cumulative return in cash sums $164,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,856/mo property income rather than buyer’s personal income.
Townhouse
Built in 1998
N/A 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: Kathy Morin-Paul • Kathy M. Paul Real Estate
Mls Name: MLS PIN
Mls ID: #73411458