140 Chestnut St APT 619SpringfieldMA01103
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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 140 Chestnut St APT 619, Springfield, MA, 01103 listed at $139,900 pairs $1,061/mo rent with a $685/mo payment to leave $179/mo cash flow. Total monthly income runs $1,061/mo, and annual cash flow reaches $2,148/yr on $46,377 cash to close. Return on cash invested measures 24.54% in year one, and rental yield registers 9.1% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 127.83% and total cumulative return in cash totals $59,283. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,061/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,718
Single Family
8
Multi-Family
1,710
Businesses
701
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Listed by: Bob DeVito • Cameron Real Estate Group
Mls Name: MLS PIN
Mls ID: #73471446