38-40 Prospect StreetSpringfieldVT05156
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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 38-40 Prospect Street, Springfield, VT, 05156 earns $836/mo cash flow from $2,160/mo rent with a $974/mo payment. Total monthly income totals $2,160/mo, and annual cash flow totals $10,033/yr on $65,969 capital. ROI tracks 35.12% on current figures, and rental yield reads 13.03% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 185.1% and total cumulative return in cash sums $122,106. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,160/mo property income instead of your personal income.
Multi Family
Built in 1940
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05156, Springfield, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 2,767 (62.9%) |
| Renter Occupied HU | 1,175 (26.7%) |
| Vacant Housing Units | 459 (10.4%) |
| Median Home Value | $210,760 |
| Average Home Value | $293,656 |
Housing Distribution
Address Breakdown
Residential
4,032
Single Family
3,716
Multi-Family
316
Businesses
285
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Listed by: Thaddeus J Abare • Barrett and Valley Associates Inc.
Mls Name: PrimeMLS
Mls ID: #5069151