189 Essex St APT KSpringfieldMA01151
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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 189 Essex St APT K, Springfield, MA, 01151 uses $72,897 cash to close to unlock $1,228/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $1,488/mo, and a $1,076/mo payment keeps the spread at $102/mo. Purchase price stands at $219,900, and rental yield measures 8.12% with $1,488/mo rent. Return on cash invested shows 21.59% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 112.08% and total cumulative return in cash records $81,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,488/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Townhouse
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01151, Indian Orchard, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,841 (100%) |
| Owner Occupied HU | 1,569 (40.8%) |
| Renter Occupied HU | 2,006 (52.2%) |
| Vacant Housing Units | 266 ( 6.9%) |
| Median Home Value | $246,064 |
| Average Home Value | $279,834 |
Housing Distribution
Address Breakdown
Residential
3,687
Single Family
3,560
Multi-Family
127
Businesses
307
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Listed by: Julius Williams • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73461125