67 Richmond WayChicopeeMA01022
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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 Chicopee at 67 Richmond Way, Chicopee, MA, 01022 earns $688/mo cash flow from $2,510/mo rent with a $1,415/mo payment. Total monthly income totals $2,510/mo, and annual cash flow totals $8,256/yr on $95,804 capital. ROI tracks 28.53% on current figures, and rental yield reads 10.42% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 149.2% and total cumulative return in cash sums $142,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,510/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01022, Chicopee, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 860 (75.6%) |
| Renter Occupied HU | 249 (21.9%) |
| Vacant Housing Units | 29 ( 2.5%) |
| Median Home Value | $245,122 |
| Average Home Value | $420,183 |
Housing Distribution
Address Breakdown
Residential
1,130
Single Family
748
Multi-Family
382
Businesses
65
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Listed by: Eamon Kearney • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73420352