83 Madison StChicopeeMA01020
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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 83 Madison St, Chicopee, MA, 01020 priced at $459,500 converts $2,374/mo rent into after a $2,249/mo obligation. Total monthly income equals $2,374/mo. Return on cash invested prints 15.8% in year one, and rental yield reads 6.2% against a $459,500 entry. Equity gained on principal adds $2,965/yr, while 5% annual appreciation compiles into $126,951 by year five. Five-year ROI reaches 80.92% and total cumulative return in cash sums $123,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,374/mo property income covering a $2,249/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
5,200 sqft 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: Alan Tabin • B & B Real Estate
Mls Name: MLS PIN
Mls ID: #73440085