15 Purves StEast LongmeadowMA01028
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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
Rental property for sale in East Longmeadow at 15 Purves St, East Longmeadow, MA, 01028 priced at $349,900 converts $3,185/mo rent into $979/mo cash flow after a $1,713/mo obligation. Total monthly income equals $3,185/mo, and annual cash flow totals $11,751/yr on $115,992 invested. Return on cash invested prints 30.04% in year one, and rental yield reads 10.92% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 157.34% and total cumulative return in cash sums $182,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,185/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1946
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01028, East Longmeadow, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,340 (100%) |
| Owner Occupied HU | 5,254 (82.9%) |
| Renter Occupied HU | 848 (13.4%) |
| Vacant Housing Units | 238 ( 3.8%) |
| Median Home Value | $399,483 |
| Average Home Value | $446,512 |
Housing Distribution
Address Breakdown
Residential
6,441
Single Family
5,955
Multi-Family
486
Businesses
714
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Listed by: Diane Kapinos • Today Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73415170