140 Chestnut St APT 706SpringfieldMA01103
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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 706, Springfield, MA, 01103 uses $67,957 cash to close to unlock $1,311/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $1,401/mo, and a $1,003/mo payment keeps the spread at $109/mo. Purchase price stands at $204,999, and rental yield measures 8.2% with $1,401/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $56,637 over five years. Five-year ROI reaches 113.39% and total cumulative return in cash records $77,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,401/mo property income covering a $1,003/mo payment rather than investor’s personal income.
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: The Andujar, Gallagher, Aguasvivas & Bloom Team • Gallagher Real Estate
Mls Name: MLS PIN
Mls ID: #73447438