42 Redstone DrSpringfieldMA01118
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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 42 Redstone Dr, Springfield, MA, 01118 generates $2,727/mo in rent and, after a $1,639/mo payment, leaves $616/mo in cash flow. Total monthly income is $2,727/mo, and annual cash flow is $7,396/yr on $111,019 invested. Return on cash invested sits at 26.57% in year one, and rental yield is 9.77% on a $334,900 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 138.72% and total cumulative return in cash sums $154,009. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,727/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
8,451 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,813 (80.1%) |
| Renter Occupied HU | 1,039 (17.3%) |
| Vacant Housing Units | 155 ( 2.6%) |
| Median Home Value | $269,694 |
| Average Home Value | $319,742 |
Housing Distribution
Address Breakdown
Residential
5,971
Single Family
5,891
Multi-Family
80
Businesses
141
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Listed by: Kristin Fitzpatrick • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73447717