39 Wallace StSpringfieldMA01119
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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 39 Wallace St, Springfield, MA, 01119 earns $267/mo cash flow from $3,166/mo rent with a $2,251/mo payment. Total monthly income totals $3,166/mo, and annual cash flow totals $3,208/yr on $152,457 capital. ROI tracks 22.01% on current figures, and rental yield reads 8.26% at a $459,900 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 over five years. Five-year ROI reaches 114.28% and total cumulative return in cash sums $174,234. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,166/mo property income instead of your personal income.
Single Family
Built in 2040
5,500 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: Patricia Joaquim • Gallagher Real Estate
Mls Name: MLS PIN
Mls ID: #73472879