18 Castlegate Dr UNIT 18SpringfieldMA01129
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
Investment Highlights
Investment property for sale in Springfield at 18 Castlegate Dr UNIT 18, Springfield, MA, 01129 listed at $258,000 pairs $2,002/mo rent with a $1,263/mo payment to leave $376/mo cash flow. Total monthly income runs $2,002/mo, and annual cash flow reaches $4,508/yr on $85,527 cash to close. Return on cash invested measures 25.18% in year one, and rental yield registers 9.31% at a $258,000 basis. Equity gained on principal adds $1,665/yr, and annual property appreciation at 5% supports $71,281 by year five. Five-year ROI tracks 131.27% and total cumulative return in cash totals $112,274. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,002/mo property income relative to a $1,263/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1989
N/A 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: Rich Tariff and Associates • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73415520