31 Wing StSpringfieldMA01151
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Nearby investment properties with comparable prices
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 31 Wing St, Springfield, MA, 01151 priced at $424,992 pairs $2,022/mo rent with after a $2,080/mo payment. Total monthly income equals $2,022/mo. Return on cash invested is 14.32% in year one, and rental yield stands at 5.71% on a $424,992 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,417 by year five. Five-year ROI measures 73.01% and total cumulative return in cash reaches $102,866. For financing, Ziffy Mortgage’s DSCR program evaluates $2,022/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1926
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01151, Indian Orchard, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,841 (100%) |
| Owner Occupied HU | 1,569 (40.8%) |
| Renter Occupied HU | 2,006 (52.2%) |
| Vacant Housing Units | 266 ( 6.9%) |
| Median Home Value | $246,064 |
| Average Home Value | $279,834 |
Housing Distribution
Address Breakdown
Residential
3,687
Single Family
3,560
Multi-Family
127
Businesses
307
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Listed by: The Andujar, Gallagher, Aguasvivas & Bloom Team • Gallagher Real Estate
Mls Name: MLS PIN
Mls ID: #73433880