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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Springfield at 34 Sumner Ave APT 407, Springfield, MA, 01108 uses $59,637 cash to close to unlock $11,900/yr annual cash flow and $992/mo monthly cash flow. Total monthly income runs $2,482/mo, and a $881/mo payment keeps the spread at $992/mo. Purchase price stands at $179,900, and rental yield measures 16.56% with $2,482/mo rent. Return on cash invested shows 39.86% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 212.62% and total cumulative return in cash records $126,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,482/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
$354 monthly HOA
Neighborhood data shown for ZIP Code: 01108, Springfield, MA area.
| 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 |
Residential
10,077
Single Family
8,733
Multi-Family
1,344
Businesses
391
Date | Event | Price |
|---|---|---|
| 2024-10-22 | Price change | $179,900 |
| 2024-09-24 | Price change | $189,900 |
| 2024-09-11 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1985.00 | 1.33% | $116,400 | 11.82% |
| 2022-11-11 | $1959.00 | 4.09% | $104,100 | 4.52% |
| 2021-11-11 | $1882.00 | -3.24% | $99,600 | N/A |
Listed by: Nick Gelfand • NRG Real Estate Services, Inc.
Mls Name: MLS PIN
Mls ID: #73288124
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
