24 Cunningham StSpringfieldMA01107
Nearby investment properties with comparable rents
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
Investment property for sale in Springfield at 24 Cunningham St, Springfield, MA, 01107 uses $158,789 cash to close to unlock $2,777/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $3,250/mo, and a $2,344/mo payment keeps the spread at $231/mo. Purchase price stands at $479,000, and rental yield measures 8.14% with $3,250/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 112.37% and total cumulative return in cash records $178,431. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,250/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01107, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,812 (100%) |
| Owner Occupied HU | 890 (23.3%) |
| Renter Occupied HU | 2,638 (69.2%) |
| Vacant Housing Units | 284 ( 7.5%) |
| Median Home Value | $264,780 |
| Average Home Value | $303,753 |
Housing Distribution
Address Breakdown
Residential
3,940
Single Family
3,031
Multi-Family
909
Businesses
255
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Team Cuoco • Cuoco & Co. Real Estate
Mls Name: MLS PIN
Mls ID: #73458354