28-30 Nelson AveSpringfieldMA01109
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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
Investment property for sale in Springfield at 28-30 Nelson Ave, Springfield, MA, 01109 offers a 8.3% rental yield on a $299,990 purchase with $2,075/mo rent. Total monthly income registers $2,075/mo, and a $1,468/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,214/yr on $99,447 to close, and return on cash invested stands at 22.14% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,882 over five years. Portfolio math shows five-year ROI at 114.96% and total cumulative return in cash at $114,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,075/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1905
6,167 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01109, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,170 (100%) |
| Owner Occupied HU | 4,706 (42.1%) |
| Renter Occupied HU | 5,570 (49.9%) |
| Vacant Housing Units | 894 ( 8.0%) |
| Median Home Value | $226,186 |
| Average Home Value | $274,286 |
Housing Distribution
Address Breakdown
Residential
10,447
Single Family
9,052
Multi-Family
1,395
Businesses
450
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Listed by: Elmer Urias • Reference Real Estate
Mls Name: MLS PIN
Mls ID: #73454691