108 Parsons St, Easthampton, MA, 01027 | 7.46% Rental Yield

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108 Parsons St, Easthampton, MA, 01027 | 7.46% Rental Yield | 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 Easthampton at 108 Parsons St, Easthampton, MA, 01027 priced at $399,000 converts $2,479/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,479/mo. Return on cash invested prints 19.58% in year one, and rental yield reads 7.46% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 101.29% and total cumulative return in cash sums $133,970. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,479/mo property income covering a $1,953/mo payment, not borrower’s personal income.

Multi Family

Built in 1920

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

A little work will go a long way! This two family has a great floor plan, natural gas heat and hot water, replacement double pane windows, nice sized flat lot, oversized two car garage and plenty of parking. Close to downtown and all that Easthampton offers; Mt Tom range hiking and views, the wonderful bike path, breweries, great restaurants and vibrant art scene. Each spacious unit has 5 rooms, large eat-in kitchen, family room, living room, bonus space on the enclosed porch, two bedrooms, laundry in the unit, large storage closet and some original details. The property has been in the same family for three generations since the 1970's. Discover what secrets lie under the carpet. This two family would make a great home for another generational family. The property needs a back staircase for a 2nd egress to the upstairs apartment which may require financing with a renovation loan.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01027, Easthampton, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,677 (100%)
Owner Occupied HU	5,249 (60.5%)
Renter Occupied HU	2,999 (34.6%)
Vacant Housing Units	429 ( 4.9%)
Median Home Value	$390,694
Average Home Value	$433,444