124 Washington StSpringfieldMA01108
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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
Rental property for sale in Springfield at 124 Washington St, Springfield, MA, 01108 generates $2,120/mo in rent and, after a $1,024/mo payment, leaves $801/mo in cash flow. Total monthly income is $2,120/mo, and annual cash flow is $9,615/yr on $69,383 invested. Return on cash invested sits at 33.77% in year one, and rental yield is 12.15% on a $209,300 entry. Equity gained on principal adds $1,351/yr, while 5% annual appreciation builds toward $57,826 over five years. Five-year ROI reaches 177.35% and total cumulative return in cash sums $123,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,120/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
5,662 sqft 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: N/A • N/A
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