34 Wallace StSpringfieldMA01119
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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
Rental property for sale in Springfield at 34 Wallace St, Springfield, MA, 01119 generates $1,741/mo in rent and, after a $1,199/mo payment, leaves $197/mo in cash flow. Total monthly income is $1,741/mo, and annual cash flow is $2,365/yr on $81,184 invested. Return on cash invested sits at 22.82% in year one, and rental yield is 8.53% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 118.67% and total cumulative return in cash sums $96,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,741/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
5,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01119, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,696 (69.2%) |
| Renter Occupied HU | 1,400 (26.2%) |
| Vacant Housing Units | 245 ( 4.6%) |
| Median Home Value | $254,790 |
| Average Home Value | $268,508 |
Housing Distribution
Address Breakdown
Residential
5,236
Single Family
5,046
Multi-Family
190
Businesses
150
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Listed by: Oliver Figuereo • Executive Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73442133