116 Hartwick St, Springfield, MA, 01108 | $199/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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116 Hartwick St, Springfield, MA, 01108 | $199/mo Cash Flow | 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 Springfield at 116 Hartwick St, Springfield, MA, 01108 priced at $299,900 converts $2,089/mo rent into $199/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,089/mo, and annual cash flow totals $2,384/yr on $99,417 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 8.36% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 115.86% and total cumulative return in cash sums $115,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,089/mo property income covering a $1,468/mo payment, not borrower’s personal income.

Single Family

Built in 1947

7,501 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully renovated ranch located on one of Springfields most desirable streets near the Longmeadow and East Longmeadow line. This home combines modern style with timeless comfort and features a bright, open layout designed for todays living. The spacious living room is centered around a striking stone fireplace, creating both warmth and character. A large, updated kitchen showcases fine finishes, state-of-the-art appliances, and abundant space for cooking and entertaining. The home has been thoughtfully updated with high-end systems, including a tankless hot water system, ensuring both efficiency and convenience. Every detail has been carefully considered, making this home truly move-in ready. Located just minutes from Franconia Golf Course, shopping, and some of the areas most popular restaurants, the property offers both a quiet neighborhood setting and easy access to nearby amenities. Stylish, efficient, and in a prime location, this home is a rare find.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01108, Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,145 (100%)
Owner Occupied HU	4,242 (38.1%)
Renter Occupied HU	5,968 (53.5%)
Vacant Housing Units	935 ( 8.4%)
Median Home Value	$268,731
Average Home Value	$293,145