331 Newhouse StSpringfieldMA01118
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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 331 Newhouse St, Springfield, MA, 01118 priced at $269,600 pairs $1,620/mo rent with after a $1,320/mo payment. Total monthly income equals $1,620/mo. Return on cash invested is 18.84% in year one, and rental yield stands at 7.21% on a $269,600 basis. Equity gained on principal adds $1,740/yr, and 5% annual appreciation accumulates to $74,486 by year five. Five-year ROI measures 97.29% and total cumulative return in cash reaches $86,947. For financing, Ziffy Mortgage’s DSCR program evaluates $1,620/mo property income against a $1,320/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,813 (80.1%) |
| Renter Occupied HU | 1,039 (17.3%) |
| Vacant Housing Units | 155 ( 2.6%) |
| Median Home Value | $269,694 |
| Average Home Value | $319,742 |
Housing Distribution
Address Breakdown
Residential
5,971
Single Family
5,891
Multi-Family
80
Businesses
141
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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