140 Chestnut St APT 204, Springfield, MA, 01103 | $158/mo Cash Flow

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140 Chestnut St APT 204, Springfield, MA, 01103 | $158/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Nearby investment properties with comparable prices

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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 140 Chestnut St APT 204, Springfield, MA, 01103 generates $788/mo in rent and, after a $489/mo payment, leaves $158/mo in cash flow. Total monthly income is $788/mo, and annual cash flow is $1,898/yr on $33,150 invested. Return on cash invested sits at 25.63% in year one, and rental yield is 9.46% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 133.84% and total cumulative return in cash sums $44,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $788/mo property income rather than buyer’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience urban living at its finest in this 1-bedroom, 1-bath condo at Kimball Towers, ideally located in the heart of downtown Springfield. Enjoy city views and easy access to highways, museums, the Basketball Hall of Fame, MGM Casino, schools, and more! Step outside to explore lively dining, shopping, and entertainment just moments away! Residents have access to a grand common area, on-site laundry, and parking available for rent in the garage or off-street. Modern comfort meets city convenience at Kimball Towers!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01103, Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,000 (100%)
Owner Occupied HU	92 ( 4.6%)
Renter Occupied HU	1,707 (85.3%)
Vacant Housing Units	201 (10.0%)
Median Home Value	$136,413
Average Home Value	$290,393