114 Connecticut AveWest SpringfieldMA01089
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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
Investment property for sale in West Springfield at 114 Connecticut Ave, West Springfield, MA, 01089 listed at $279,000 pairs $1,907/mo rent with a $1,366/mo payment to leave $148/mo cash flow. Total monthly income runs $1,907/mo, and annual cash flow reaches $1,777/yr on $92,489 cash to close. Return on cash invested measures 21.83% in year one, and rental yield registers 8.2% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 113.34% and total cumulative return in cash totals $104,827. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,907/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01089, West Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,930 (100%) |
| Owner Occupied HU | 7,146 (55.3%) |
| Renter Occupied HU | 5,138 (39.7%) |
| Vacant Housing Units | 646 ( 5.0%) |
| Median Home Value | $352,299 |
| Average Home Value | $412,149 |
Housing Distribution
Address Breakdown
Residential
12,372
Single Family
10,000
Multi-Family
2,372
Businesses
1,291
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Listed by: Melissa Fitzgerald • Lock and Key Realty Inc.
Mls Name: MLS PIN
Mls ID: #73445971