18 Greenacre SqSpringfieldMA01105
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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 18 Greenacre Sq, Springfield, MA, 01105 uses $106,047 cash to close to unlock $9,810/yr annual cash flow and $817/mo monthly cash flow. Total monthly income runs $2,834/mo, and a $1,566/mo payment keeps the spread at $817/mo. Purchase price stands at $319,900, and rental yield measures 10.63% with $2,834/mo rent. Return on cash invested shows 29.16% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 152.61% and total cumulative return in cash records $161,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,834/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1911
4,526 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,550 (100%) |
| Owner Occupied HU | 593 (10.7%) |
| Renter Occupied HU | 4,441 (80.0%) |
| Vacant Housing Units | 516 ( 9.3%) |
| Median Home Value | $248,188 |
| Average Home Value | $268,957 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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Listed by: Edgar Ferrer • eXp Realty
Mls Name: MLS PIN
Mls ID: #73448585