235 State St APT 311SpringfieldMA01103
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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 311, Springfield, MA, 01103 uses $65,803 cash to close to unlock $760/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $972/mo payment keeps the spread at $63/mo. Purchase price stands at $198,500, and rental yield measures 10.69% with $1,769/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 112.23% and total cumulative return in cash records $73,853. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $972/mo payment rather than investor’s personal income.
Condo
Built in 1899
N/A lot
$N/A/sqft
$379 monthly 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: Gary Arnold • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73391668
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