113-117 Cedar StSpringfieldMA01105
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 113-117 Cedar St, Springfield, MA, 01105 in Springfield worth study. Rental yield 5.67%. The 5.67% gross yield is below cash-flow benchmarks at $429,000, but 5% annual appreciation, adding $118,525 over five years, frames this as a capital growth position. Rent of $2,027/mo partially offsets the $1,929/mo payment. Ziffy Mortgage finances appreciation-play properties (1.05 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $119,320.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 9.2% |
| Monthly Cash Flow | $(677) | $300 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,027 |
| Total Monthly Debt Service | $2,533 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1897
0.36 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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
Multi Family
Built in 1897
0.36 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nelson Acosta • Witman Properties, Inc.
Mls Name: MLS PIN
Mls ID: #73464946