116 Merida St, Springfield, MA, 01104 | $243/mo Cash Flow

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 Merida St, Springfield, MA, 01104 offers $1,913/mo rent that, after a $1,297/mo payment, leaves $243/mo cash flow. Total monthly income is $1,913/mo, and annual cash flow is $2,915/yr on $87,814 cash. Return on cash invested measures 23.23% in year one, and rental yield stands at 8.67% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Five-year ROI records 120.78% and total cumulative return in cash reaches $106,064. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,913/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1927

5,001 sqft lot

$N/A/sqft

No HOA