20 Sprague St, West Springfield, MA, 01089 | 5.77% Rental Yield

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20 Sprague St, West Springfield, MA, 01089 | 5.77% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Springfield at 20 Sprague St, West Springfield, MA, 01089 offers a 5.77% rental yield on a $599,900 purchase with $2,887/mo rent. 63% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,741 over five years. Portfolio math shows five-year ROI at 74.65% and total cumulative return in cash at $147,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,887/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1900

5,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled at 20 Sprague St, West Springfield, MA, this multi-family residence presents a unique opportunity within a vibrant community. The building, constructed in 1900, offers a canvas for transformation, poised to blend historical charm with contemporary living. The expansive living area, totaling 3288 square feet, presents a generous layout for comfortable living and creative design. Imagine crafting inviting spaces within this substantial footprint, where each area serves as a sanctuary for relaxation and rejuvenation. The three full bathrooms offer convenience across the three stories, streamlining daily routines for the residents. The 5000 square foot lot provides space for outdoor enjoyment and potential landscaping projects. Envision creating a private garden, a space for entertaining, or simply a tranquil retreat to enjoy the outdoors. This multi-family residence is a promising investment, offering the opportunity to create a distinguished property in a desirable location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01089, West Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,930 (100%)
Owner Occupied HU	7,146 (55.3%)
Renter Occupied HU	5,138 (39.7%)
Vacant Housing Units	646 ( 5.0%)
Median Home Value	$352,299
Average Home Value	$412,149