161 Fernbank RdSpringfieldMA01129
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Springfield rentals match the income profile of 161 Fernbank Rd, Springfield, MA, 01129. Listed at $394,900, gross rent is $3,430/mo and net cash flow is $941/mo, a 10.42% yield well above national averages. DSCR 1.93 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $109,104 by year five with $3,637/yr in annual principal reduction, projecting $210,471 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 9.2% |
| Monthly Cash Flow | $941 | $300 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,430 |
| Total Monthly Debt Service | $2,332 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01129, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,059 (100%) |
| Owner Occupied HU | 2,390 (78.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 111 ( 3.6%) |
| Median Home Value | $305,701 |
| Average Home Value | $333,644 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,913
Multi-Family
157
Businesses
206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1960
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01129, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,059 (100%) |
| Owner Occupied HU | 2,390 (78.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 111 ( 3.6%) |
| Median Home Value | $305,701 |
| Average Home Value | $333,644 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,913
Multi-Family
157
Businesses
206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Gaynor • Homes Logic Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73449717