115 Abbott StSpringfieldMA01118
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
Investment Highlights
Rental property for sale in Springfield at 115 Abbott St, Springfield, MA, 01118 offers $2,213/mo rent that, after a $1,542/mo payment, leaves $227/mo cash flow. Total monthly income is $2,213/mo, and annual cash flow is $2,728/yr on $104,423 cash. Return on cash invested measures 22.52% in year one, and rental yield stands at 8.43% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 117.03% and total cumulative return in cash reaches $122,201. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,213/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,813 (80.1%) |
| Renter Occupied HU | 1,039 (17.3%) |
| Vacant Housing Units | 155 ( 2.6%) |
| Median Home Value | $269,694 |
| Average Home Value | $319,742 |
Housing Distribution
Address Breakdown
Residential
5,971
Single Family
5,891
Multi-Family
80
Businesses
141
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Listed by: Cheryl Malandrinos • HB Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73406831