15 Fredette StSpringfieldMA01109
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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 15 Fredette St, Springfield, MA, 01109 with 5% annual appreciation on a $260,100 basis while $2,032/mo rent supports operations. Total monthly income totals $2,032/mo and a $1,273/mo payment preserves $387/mo for cash returns. Annual cash flow comes to $4,647/yr on $86,223 deployed, and return on cash invested reaches 25.3% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,861 alongside rental yield of 9.37%. Five-year ROI measures 131.97% and total cumulative return in cash totals $113,785.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,032/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.25 Acres 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: N/A • N/A
Mls Name: William Raveis Real Estate, Mortgage & Insurance
Mls Provider:
Mls ID: #73391092