17 Spencer StSpringfieldMA01118
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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 17 Spencer St, Springfield, MA, 01118 earns $268/mo cash flow from $1,528/mo rent with a $978/mo payment. Total monthly income totals $1,528/mo, and annual cash flow totals $3,222/yr on $66,267 capital. ROI tracks 24.77% on current figures, and rental yield reads 9.17% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 129.08% and total cumulative return in cash sums $85,537. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,528/mo property income instead of your personal income.
Single Family
Built in 1902
6,739 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 |
Housing Distribution
Address Breakdown
Residential
5,971
Single Family
5,891
Multi-Family
80
Businesses
141
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Listed by: Son Vo • Forest Park Real Estate
Mls Name: MLS PIN
Mls ID: #73462026