110 Lamplighter Ln APT CSpringfieldMA01119
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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 Springfield at 110 Lamplighter Ln APT C, Springfield, MA, 01119 offers $2,465/mo rent that, after a $697/mo payment, leaves $1,530/mo cash flow. Total monthly income is $2,465/mo, and annual cash flow is $18,364/yr on $47,206 cash. Return on cash invested measures 58.81% in year one, and rental yield stands at 20.77% at a $142,400 entry. Equity gained on principal adds $919/yr while 5% annual appreciation compounds into $39,342 by year five. Five-year ROI records 312.03% and total cumulative return in cash reaches $147,296. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,465/mo property income versus a $697/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01119, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,696 (69.2%) |
| Renter Occupied HU | 1,400 (26.2%) |
| Vacant Housing Units | 245 ( 4.6%) |
| Median Home Value | $254,790 |
| Average Home Value | $268,508 |
Housing Distribution
Address Breakdown
Residential
5,236
Single Family
5,046
Multi-Family
190
Businesses
150
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Listed by: N/A • N/A
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