187 Lacross RoadSpringfieldVT05156
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
Rental property for sale in Springfield at 187 Lacross Road, Springfield, VT, 05156 offers $2,938/mo rent that, after a $1,953/mo payment, leaves $283/mo cash flow. Total monthly income is $2,938/mo, and annual cash flow is $3,401/yr on $132,269 cash. Return on cash invested measures 22.48% in year one, and rental yield stands at 8.84% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 117.24% and total cumulative return in cash reaches $155,078. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,938/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05156, Springfield, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 2,767 (62.9%) |
| Renter Occupied HU | 1,175 (26.7%) |
| Vacant Housing Units | 459 (10.4%) |
| Median Home Value | $210,760 |
| Average Home Value | $293,656 |
Housing Distribution
Address Breakdown
Residential
4,032
Single Family
3,716
Multi-Family
316
Businesses
285
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Listed by: Mike Masters • Four Seasons Sotheby's Int'l Realty
Mls Name: PrimeMLS
Mls ID: #5074138