324 Central StSpringfieldMA01105
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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
Investment property for sale in Springfield at 324 Central St, Springfield, MA, 01105 at $408,000 posts ROI 26.58% with $751/mo cash flow from $3,323/mo rent. Total monthly income equals $3,323/mo, and annual cash flow records $9,017/yr on $135,252 to close. Return on cash invested measures 26.58% and rental yield reads 9.77% at the current $408,000. Equity gained on principal adds $2,633/yr, and 5% annual appreciation supports $112,723 by year five. Five-year ROI prints 138.75% and total cumulative return in cash totals $187,663.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,323/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2014
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,550 (100%) |
| Owner Occupied HU | 593 (10.7%) |
| Renter Occupied HU | 4,441 (80.0%) |
| Vacant Housing Units | 516 ( 9.3%) |
| Median Home Value | $248,188 |
| Average Home Value | $268,957 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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Nearby investment properties with comparable prices
Listed by: Patricia Nunez • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73384380
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