36 Silver StWest SpringfieldMA01089
Nearby investment properties with comparable rents
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 West Springfield at 36 Silver St, West Springfield, MA, 01089 priced at $279,900 converts $2,567/mo rent into $759/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,567/mo, and annual cash flow totals $9,108/yr on $92,787 invested. Return on cash invested prints 29.72% in year one, and rental yield reads 11.01% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 155.83% and total cumulative return in cash sums $144,589. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,567/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1951
10,260 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01089, West Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,930 (100%) |
| Owner Occupied HU | 7,146 (55.3%) |
| Renter Occupied HU | 5,138 (39.7%) |
| Vacant Housing Units | 646 ( 5.0%) |
| Median Home Value | $352,299 |
| Average Home Value | $412,149 |
Housing Distribution
Address Breakdown
Residential
12,372
Single Family
10,000
Multi-Family
2,372
Businesses
1,291
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Bourque • Today Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73309535
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.