101 Mulberry St APT 112, Springfield, MA, 01105 | $176/mo Cash Flow

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101 Mulberry St APT 112, Springfield, MA, 01105 | $176/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Springfield at 101 Mulberry St APT 112, Springfield, MA, 01105 generates $901/mo in rent and, after a $563/mo payment, leaves $176/mo in cash flow. Total monthly income is $901/mo, and annual cash flow is $2,112/yr on $38,123 invested. Return on cash invested sits at 25.45% in year one, and rental yield is 9.4% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 132.86% and total cumulative return in cash sums $50,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $901/mo property income rather than buyer’s personal income.

Condo

Built in 1955

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this comfortable and cozy apartment located in the heart of Springfield and all that it has to offer! Its all about convenience, affordability and location ! Close and easy access to the MA Pike, restaurants and universities! Dont miss out on this wonderful opportunity and a must see for either a reliable investment or owner occupant! Very nice long term tenant vacating at the end of this month so showings will be coordinated with tenant's availability in mind.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,550 (100%)
Owner Occupied HU	593 (10.7%)
Renter Occupied HU	4,441 (80.0%)
Vacant Housing Units	516 ( 9.3%)
Median Home Value	$248,188
Average Home Value	$268,957