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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Springfield at 261 W Allen Ridge Rd, Springfield, MA, 01118 priced at $249,800 pairs $1,742/mo rent with $167/mo cash flow after a $1,223/mo payment. Total monthly income equals $1,742/mo, and annual cash flow comes to $2,006/yr on $82,809 invested. Return on cash invested is 22.33% in year one, and rental yield stands at 8.37% on a $249,800 basis. Equity gained on principal adds $1,612/yr, and 5% annual appreciation accumulates to $69,015 by year five. Five-year ROI measures 116.03% and total cumulative return in cash reaches $96,079. For financing, Ziffy Mortgage’s DSCR program evaluates $1,742/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,813 (80.1%) |
| Renter Occupied HU | 1,039 (17.3%) |
| Vacant Housing Units | 155 ( 2.6%) |
| Median Home Value | $269,694 |
| Average Home Value | $319,742 |
Residential
5,971
Single Family
5,891
Multi-Family
80
Businesses
141
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Susan Lyons • HB Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73451269
