20 Bangor 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
Rental property for sale in Springfield at 20 Bangor St, Springfield, MA, 01118 priced at $325,000 converts $2,653/mo rent into $604/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,653/mo, and annual cash flow totals $7,251/yr on $107,738 invested. Return on cash invested prints 26.64% in year one, and rental yield reads 9.8% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 139.11% and total cumulative return in cash sums $149,869. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,653/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1929
6,007 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: Kathleen Norton • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73409171