43 Thorndyke StSpringfieldMA01118
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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 43 Thorndyke St, Springfield, MA, 01118 priced at $325,000 pairs $2,734/mo rent with $685/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,734/mo, and annual cash flow comes to $8,223/yr on $107,738 invested. Return on cash invested is 27.54% in year one, and rental yield stands at 10.09% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 143.95% and total cumulative return in cash reaches $155,089. For financing, Ziffy Mortgage’s DSCR program evaluates $2,734/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
5,001 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: The Neilsen Team • The Neilsen Team
Mls Name: MLS PIN
Mls ID: #73451531