367-369 E Columbus AveSpringfieldMA01105
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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 367-369 E Columbus Ave, Springfield, MA, 01105 generates $2,000/mo in rent, after a $1,958/mo payment. Total monthly income is $2,000/mo. Return on cash invested sits at 15.19% in year one, and rental yield is 6% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 77.69% and total cumulative return in cash sums $103,012. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,000/mo property income rather than buyer’s personal income.
Multi Family
Built in 1915
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,550 (100%) |
| Owner Occupied HU | 593 (10.7%) |
| Renter Occupied HU | 4,441 (80.0%) |
| Vacant Housing Units | 516 ( 9.3%) |
| Median Home Value | $248,188 |
| Average Home Value | $268,957 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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Listed by: Sam Andrews-Ascioti • Naples Realty Group, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24066665
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.