283 Longhill StSpringfieldMA01108
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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 283 Longhill St, Springfield, MA, 01108 priced at $599,900 pairs $4,942/mo rent with $1,161/mo cash flow after a $2,936/mo payment. Total monthly income equals $4,942/mo, and annual cash flow comes to $13,934/yr on $197,367 invested. Return on cash invested is 27.12% in year one, and rental yield stands at 9.89% on a $599,900 basis. Equity gained on principal adds $3,871/yr, and 5% annual appreciation accumulates to $165,741 by year five. Five-year ROI measures 141.64% and total cumulative return in cash reaches $279,556. For financing, Ziffy Mortgage’s DSCR program evaluates $4,942/mo property income against a $2,936/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01108, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,145 (100%) |
| Owner Occupied HU | 4,242 (38.1%) |
| Renter Occupied HU | 5,968 (53.5%) |
| Vacant Housing Units | 935 ( 8.4%) |
| Median Home Value | $268,731 |
| Average Home Value | $293,145 |
Housing Distribution
Address Breakdown
Residential
10,077
Single Family
8,733
Multi-Family
1,344
Businesses
391
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Listed by: Joseph Paoletti • Keller Williams Realty North Central
Mls Name: MLS PIN
Mls ID: #73441155