381 N Brook RdSpringfieldMA01119
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 Springfield at 381 N Brook Rd, Springfield, MA, 01119 priced at $279,000 pairs $2,638/mo rent with $879/mo cash flow after a $1,366/mo payment. Total monthly income equals $2,638/mo, and annual cash flow comes to $10,549/yr on $92,489 invested. Return on cash invested is 31.31% in year one, and rental yield stands at 11.35% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 164.2% and total cumulative return in cash reaches $151,867. For financing, Ziffy Mortgage’s DSCR program evaluates $2,638/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
10,620 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: Lucy Cordero • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73445555