29 Lowell AveWest SpringfieldMA01089
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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 West Springfield at 29 Lowell Ave, West Springfield, MA, 01089 generates $2,289/mo in rent and, after a $1,542/mo payment, leaves $303/mo in cash flow. Total monthly income is $2,289/mo, and annual cash flow is $3,640/yr on $104,423 invested. Return on cash invested sits at 23.4% in year one, and rental yield is 8.72% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 121.71% and total cumulative return in cash sums $127,097. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,289/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01089, West Springfield, MA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,372
Single Family
10,000
Multi-Family
2,372
Businesses
1,291
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Listed by: Marisol Franco • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73467242