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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% |
Investment property for sale in West Springfield at 283 Hillcrest Ave, West Springfield, MA, 01089 with 5% annual appreciation on a $369,000 basis while $2,342/mo rent supports operations. Total monthly income totals $2,342/mo and a $1,806/mo payment preserves $16/mo for cash returns. Annual cash flow comes to $196/yr on $122,324 deployed, and return on cash invested reaches 20.07% in year one. Equity gained on principal adds $2,381/yr, and five-year appreciation sums $101,948 alongside rental yield of 7.62%. Five-year ROI measures 103.87% and total cumulative return in cash totals $127,059.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,342/mo property income versus a $1,806/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01089, West Springfield, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,930 (100%) |
| Owner Occupied HU | 7,146 (55.3%) |
| Renter Occupied HU | 5,138 (39.7%) |
| Vacant Housing Units | 646 ( 5.0%) |
| Median Home Value | $352,299 |
| Average Home Value | $412,149 |
Residential
12,372
Single Family
10,000
Multi-Family
2,372
Businesses
1,291
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $369,000 |
| 2024-12-20 | Sold | $219,000 |
| 2024-09-23 | Sold | $228,718 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $3617.00 | 4.93% | $244,200 | 10.10% |
| 2023-04-24 | $3447.00 | 10.06% | $221,800 | 11.63% |
| 2022-04-24 | $3132.00 | 0.61% | $198,700 | 7.87% |
Listed by: Rula Baki • Berkshire Hathaway HomeServices Realty Professionals
Mls Name: MLS PIN
Mls ID: #73362984
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
