118 Longhill St APT 3SpringfieldMA01108
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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 Springfield at 118 Longhill St APT 3, Springfield, MA, 01108 uses $49,725 cash to close to unlock $2,949/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,191/mo, and a $734/mo payment keeps the spread at $246/mo. Purchase price stands at $150,000, and rental yield measures 9.53% with $1,191/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 134.82% and total cumulative return in cash records $67,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,191/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,077
Single Family
8,733
Multi-Family
1,344
Businesses
391
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Listed by: Chenell Blake • Crystal Realty Assoc., Inc.
Mls Name: MLS PIN
Mls ID: #73439621