235 State St APT 220SpringfieldMA01103
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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 220, Springfield, MA, 01103 earns $76/mo cash flow from $1,368/mo rent with a $1,003/mo payment. Total monthly income totals $1,368/mo, and annual cash flow totals $915/yr on $67,958 capital. ROI tracks 21.26% on current figures, and rental yield reads 8.01% at a $205,000 purchase. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 over five years. Five-year ROI reaches 110.27% and total cumulative return in cash sums $74,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,368/mo property income instead of your 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: Turnberg & Swallow Team • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73422336