3 Olney StreetNorth SpringfieldVT05150
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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 North Springfield at 3 Olney Street, North Springfield, VT, 05150 priced at $410,000 converts $0/mo rent into after a $2,007/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -4.18% in year one, and rental yield reads 0% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05150, North Springfield, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 398 (100%) |
| Owner Occupied HU | 285 (71.6%) |
| Renter Occupied HU | 87 (21.9%) |
| Vacant Housing Units | 26 ( 6.5%) |
| Median Home Value | $211,735 |
| Average Home Value | $248,781 |
Housing Distribution
Address Breakdown
Residential
323
Single Family
323
Multi-Family
0
Businesses
52
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No similar rental properties found nearby.
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Listed by: Don Chabot • Town and Country Realty
Mls Name: PrimeMLS
Mls ID: #5060986