88 Prospect StChicopeeMA01013
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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 88 Prospect St, Chicopee, MA, 01013 offers $2,383/mo rent that, after a $1,664/mo payment, leaves $240/mo cash flow. Total monthly income is $2,383/mo, and annual cash flow is $2,884/yr on $112,677 cash. Return on cash invested measures 22.47% in year one, and rental yield stands at 8.41% at a $339,900 entry. Equity gained on principal adds $2,193/yr while 5% annual appreciation compounds into $93,908 by year five. Five-year ROI records 116.74% and total cumulative return in cash reaches $131,543. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,383/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
7,067 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01013, Chicopee, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,511 (100%) |
| Owner Occupied HU | 4,724 (44.9%) |
| Renter Occupied HU | 5,132 (48.8%) |
| Vacant Housing Units | 655 ( 6.2%) |
| Median Home Value | $295,302 |
| Average Home Value | $326,710 |
Housing Distribution
Address Breakdown
Residential
9,960
Single Family
8,457
Multi-Family
1,503
Businesses
515
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Listed by: The Gerber Group • Naples Realty Group
Mls Name: MLS PIN
Mls ID: #73467947