15 Mountainview St, Springfield, MA, 01108 | $194/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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15 Mountainview St, Springfield, MA, 01108 | $194/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

Investment property for sale in Springfield at 15 Mountainview St, Springfield, MA, 01108 uses $116,025 cash to close to unlock $2,329/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,713/mo payment keeps the spread at $194/mo. Purchase price stands at $350,000, and rental yield measures 8.23% with $2,400/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 113.79% and total cumulative return in cash records $132,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1905

6,678 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in the historic Forest Park district, this stunning Colonial home from the early 1900s is truly one-of-a-kind. It boasts charming original features, including intricate inlaid flooring, elegant wainscoting, beamed ceilings, pocket doors, and inviting fireplaces. The expansive main level showcases a formal dining area with built-in cabinetry and a beautiful leaded glass window, a spacious living room highlighted by an ornate fireplace, a delightful additional sitting room just off the entrance, and an enormous kitchen that offers ample cabinetry and space for culinary creations. Ascending the exquisite staircase leads you to four well-appointed bedrooms, including a generous master suite complete with an electric fireplace and a beautifully updated full bathroom, all reflecting the home's historic charm. The fully finished third floor presents two sizable rooms that can be utilized as a home office, study, or a peaceful getaway. Outside, you'll find a private fenced backyard.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01108, Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,145 (100%)
Owner Occupied HU	4,242 (38.1%)
Renter Occupied HU	5,968 (53.5%)
Vacant Housing Units	935 ( 8.4%)
Median Home Value	$268,731
Average Home Value	$293,145