235 State St APT 406SpringfieldMA01103
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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 235 State St APT 406, Springfield, MA, 01103 generates $2,223/mo in rent and, after a $1,150/mo payment, leaves $258/mo in cash flow. Total monthly income is $2,223/mo, and annual cash flow is $3,097/yr on $77,869 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 11.36% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 127.09% and total cumulative return in cash sums $98,961. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,223/mo property income rather than buyer’s personal income.
Condo
Built in 1899
N/A lot
$N/A/sqft
$416 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: Kelley & Katzer Team • Kelley & Katzer Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73372181
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