138 Magazine StSpringfieldMA01109
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 138 Magazine St, Springfield, MA, 01109 offers $2,341/mo rent that, after a $685/mo payment, leaves $1,459/mo cash flow. Total monthly income is $2,341/mo, and annual cash flow is $17,506/yr on $46,410 cash. Return on cash invested measures 57.63% in year one, and rental yield stands at 20.07% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 305.28% and total cumulative return in cash reaches $141,682. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,341/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
0.13 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01109, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,170 (100%) |
| Owner Occupied HU | 4,706 (42.1%) |
| Renter Occupied HU | 5,570 (49.9%) |
| Vacant Housing Units | 894 ( 8.0%) |
| Median Home Value | $226,186 |
| Average Home Value | $274,286 |
Housing Distribution
Address Breakdown
Residential
10,447
Single Family
9,052
Multi-Family
1,395
Businesses
450
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Listed by: Christian Lowe • Lowe & Lowe Realty Co.
Mls Name: MLS PIN
Mls ID: #73466629