235 State St APT 105SpringfieldMA01103
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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 235 State St APT 105, Springfield, MA, 01103 uses $69,582 cash to close to unlock $1,241/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,426/mo, and a $1,027/mo payment keeps the spread at $103/mo. Purchase price stands at $209,900, and rental yield measures 8.15% with $1,426/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 112.59% and total cumulative return in cash records $78,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,426/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Condo
Built in 1899
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01103, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,000 (100%) |
| Owner Occupied HU | 92 ( 4.6%) |
| Renter Occupied HU | 1,707 (85.3%) |
| Vacant Housing Units | 201 (10.0%) |
| Median Home Value | $136,413 |
| Average Home Value | $290,393 |
Housing Distribution
Address Breakdown
Residential
1,718
Single Family
8
Multi-Family
1,710
Businesses
701
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Listed by: Erin Bailey • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73456232