289-291 Lexington StSpringfieldMA01104
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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 289-291 Lexington St, Springfield, MA, 01104 generates $2,457/mo in rent and, after a $1,116/mo payment, leaves $903/mo in cash flow. Total monthly income is $2,457/mo, and annual cash flow is $10,841/yr on $75,582 invested. Return on cash invested sits at 34.25% in year one, and rental yield is 12.93% on a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 180.6% and total cumulative return in cash sums $136,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,457/mo property income rather than buyer’s personal income.
Multi Family
Built in 1926
5,937 sqft lot
$N/A/sqft
No HOA
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Listed by: Kathy Hurley • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73361771
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