320 Oakland StSpringfieldMA01108
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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
Investment property for sale in Springfield at 320 Oakland St, Springfield, MA, 01108 with 5% annual appreciation on a $334,900 basis while $3,091/mo rent supports operations. Total monthly income totals $3,091/mo and a $1,639/mo payment preserves $980/mo for cash returns. Annual cash flow comes to $11,764/yr on $111,019 deployed, and return on cash invested reaches 30.51% in year one. Equity gained on principal adds $2,161/yr, and five-year appreciation sums $92,527 alongside rental yield of 11.08%. Five-year ROI measures 159.83% and total cumulative return in cash totals $177,445.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,091/mo property income versus a $1,639/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1910
5,210 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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Listed by: Daisy Sanchez • RE/MAX IGNITE
Mls Name: MLS PIN
Mls ID: #73460996