43 Colonial AveSpringfieldMA01109
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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 43 Colonial Ave, Springfield, MA, 01109 earns $1,153/mo cash flow from $2,540/mo rent with a $1,077/mo payment. Total monthly income totals $2,540/mo, and annual cash flow totals $13,838/yr on $72,930 capital. ROI tracks 38.88% on current figures, and rental yield reads 13.85% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 204.8% and total cumulative return in cash sums $149,363. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,540/mo property income instead of your personal income.
Multi Family
Built in 1904
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01109, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,170 (100%) |
| Owner Occupied HU | 4,706 (42.1%) |
| Renter Occupied HU | 5,570 (49.9%) |
| Vacant Housing Units | 894 ( 8.0%) |
| Median Home Value | $226,186 |
| Average Home Value | $274,286 |
Housing Distribution
Address Breakdown
Residential
10,447
Single Family
9,052
Multi-Family
1,395
Businesses
450
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Listed by: Team Elite • NextHome Elite Realty
Mls Name: NextHome
Mls ID: #73451355