290 Newton Rd, Springfield, MA, 01118 | $294/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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290 Newton Rd, Springfield, MA, 01118 | $294/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield at 290 Newton Rd, Springfield, MA, 01118 offers a 8.49% rental yield on a $379,900 purchase with $2,688/mo rent. Total monthly income registers $2,688/mo, and a $1,859/mo payment leaves $294/mo available for distribution. Annual cash flow reaches $3,528/yr on $125,937 to close, and return on cash invested stands at 22.71% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 118% and total cumulative return in cash at $148,601. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,688/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1968

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully maintained raised ranch in the highly desirable East Forest Park neighborhood. This home offers exceptional versatility with a lower-level IN-LAW apartment, ideal for multi-generational living, extended guests, or a private space for teens or young adults. The main level features gleaming hardwood floors, fresh interior paint, and a bright, open layout. The spacious living room with a large picture window flows into the dining area, creating an inviting space for everyday living and entertaining. The kitchen includes a large island, stainless steel appliances, and generous workspace for cooking and gathering. The main level offers 3 bedrooms and 1.5 baths, including a primary bedroom with its own private half bath. The full bathroom was completely remodeled in 2025, showcasing a double vanity and modern finishes. Additional highlights include a 1-car garage, and a charming sun porch overlooking the backyard. A wonderful place to start your next chapter!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,007 (100%)
Owner Occupied HU	4,813 (80.1%)
Renter Occupied HU	1,039 (17.3%)
Vacant Housing Units	155 ( 2.6%)
Median Home Value	$269,694
Average Home Value	$319,742