299 Belmont AveSpringfieldMA01108
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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 299 Belmont Ave, Springfield, MA, 01108 priced at $291,400 converts $2,120/mo rent into $284/mo cash flow after a $1,426/mo obligation. Total monthly income equals $2,120/mo, and annual cash flow totals $3,403/yr on $96,599 invested. Return on cash invested prints 23.43% in year one, and rental yield reads 8.73% against a $291,400 entry. Equity gained on principal adds $1,880/yr, while 5% annual appreciation compiles into $80,508 by year five. Five-year ROI reaches 121.89% and total cumulative return in cash sums $117,744. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,120/mo property income covering a $1,426/mo payment, not borrower’s personal income.
Multi Family
Built in 1899
3,049 sqft 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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