16-18 Eddywood St, Springfield, MA, 01118 | 4.58% Rental Yield

For Sale

Rental Income

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

Total monthly income runs $1,620/mo, and a $2,080/mo payment. Purchase price stands at $424,900, and rental yield measures 4.58% with $1,620/mo rent. Return on cash invested shows 10.89% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 54.64% and total cumulative return in cash records $76,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $2,080/mo payment rather than investor’s personal income.

Multi Family

Built in 1923

7,418 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,007 (100%)
Owner Occupied HU	4,813 (80.1%)
Renter Occupied HU	1,039 (17.3%)
Vacant Housing Units	155 ( 2.6%)
Median Home Value	$269,694
Average Home Value	$319,742