60 Mill StWestfieldMA01085
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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 Westfield at 60 Mill St, Westfield, MA, 01085 offers $3,479/mo rent that, after a $1,786/mo payment, leaves $1,179/mo cash flow. Total monthly income is $3,479/mo, and annual cash flow is $14,149/yr on $120,964 cash. Return on cash invested measures 31.61% in year one, and rental yield stands at 11.44% at a $364,900 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,815 by year five. Five-year ROI records 165.75% and total cumulative return in cash reaches $200,496. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,479/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1885
0.35 Acres 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: Steve Sterczala • The O'Rourke Group Real Estate Professionals
Mls Name: MLS PIN
Mls ID: #73466978