24 Fairground HeightsSpringfieldVT05156
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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 24 Fairground Heights, Springfield, VT, 05156 generates $1,196/mo in rent and, after a $759/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,196/mo, and annual cash flow is $1,973/yr on $51,383 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 9.26% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 124.09% and total cumulative return in cash sums $63,760. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,196/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05156, Springfield, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 2,767 (62.9%) |
| Renter Occupied HU | 1,175 (26.7%) |
| Vacant Housing Units | 459 (10.4%) |
| Median Home Value | $210,760 |
| Average Home Value | $293,656 |
Housing Distribution
Address Breakdown
Residential
4,032
Single Family
3,716
Multi-Family
316
Businesses
285
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Listed by: Carol Slocum • Keller Williams Realty Metro-Keene
Mls Name: PrimeMLS
Mls ID: #5060773