35 Lemnos LnSpringfieldMA01119
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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 35 Lemnos Ln, Springfield, MA, 01119 with 5% annual appreciation on a $464,900 basis while $3,355/mo rent supports operations. Total monthly income totals $3,355/mo and a $2,275/mo payment preserves $425/mo for cash returns. Annual cash flow comes to $5,103/yr on $154,114 deployed, and return on cash invested reaches 23.22% in year one. Equity gained on principal adds $3,000/yr, and five-year appreciation sums $128,443 alongside rental yield of 8.66%. Five-year ROI measures 120.76% and total cumulative return in cash totals $186,112.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,355/mo property income versus a $2,275/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
0.32 Acres 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: Kristin Fitzpatrick • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73455086