41 Nevada StSpringfieldMA01107
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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 41 Nevada St, Springfield, MA, 01107 with 5% annual appreciation on a $320,000 basis while $2,195/mo rent supports operations. Total monthly income totals $2,195/mo and a $1,566/mo payment preserves $178/mo for cash returns. Annual cash flow comes to $2,140/yr on $106,080 deployed, and return on cash invested reaches 21.93% in year one. Equity gained on principal adds $2,065/yr, and five-year appreciation sums $88,410 alongside rental yield of 8.23%. Five-year ROI measures 113.84% and total cumulative return in cash totals $120,759.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,195/mo property income versus a $1,566/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01107, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,812 (100%) |
| Owner Occupied HU | 890 (23.3%) |
| Renter Occupied HU | 2,638 (69.2%) |
| Vacant Housing Units | 284 ( 7.5%) |
| Median Home Value | $264,780 |
| Average Home Value | $303,753 |
Housing Distribution
Address Breakdown
Residential
3,940
Single Family
3,031
Multi-Family
909
Businesses
255
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Listed by: Tori Denton • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73420045