24 Adams StSpringfieldMA01105
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Nearby investment properties with comparable prices
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 24 Adams St, Springfield, MA, 01105 priced at $349,000 pairs $3,169/mo rent with $969/mo cash flow after a $1,708/mo payment. Total monthly income equals $3,169/mo, and annual cash flow comes to $11,634/yr on $115,694 invested. Return on cash invested is 29.96% in year one, and rental yield stands at 10.9% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 156.94% and total cumulative return in cash reaches $181,572. For financing, Ziffy Mortgage’s DSCR program evaluates $3,169/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1895
4,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,550 (100%) |
| Owner Occupied HU | 593 (10.7%) |
| Renter Occupied HU | 4,441 (80.0%) |
| Vacant Housing Units | 516 ( 9.3%) |
| Median Home Value | $248,188 |
| Average Home Value | $268,957 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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Listed by: Krystal Pulley Bariffe • Tier 1 Real Estate
Mls Name: MLS PIN
Mls ID: #73452886