861 Grattan StChicopeeMA01020
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 861 Grattan St, Chicopee, MA, 01020 generates $1,641/mo in rent and, after a $1,121/mo payment, leaves $197/mo in cash flow. Total monthly income is $1,641/mo, and annual cash flow is $2,370/yr on $75,914 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 8.6% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 119.75% and total cumulative return in cash sums $90,905. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,641/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.57 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Apryl White • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73459782