45 Nassau Dr #45SpringfieldMA01129
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 45 Nassau Dr #45, Springfield, MA, 01129 uses $58,013 cash to close to unlock $3,282/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,377/mo, and a $857/mo payment keeps the spread at $274/mo. Purchase price stands at $175,000, and rental yield measures 9.44% with $1,377/mo rent. Return on cash invested shows 25.57% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 133.37% and total cumulative return in cash records $77,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,377/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01129, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,059 (100%) |
| Owner Occupied HU | 2,390 (78.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 111 ( 3.6%) |
| Median Home Value | $305,701 |
| Average Home Value | $333,644 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,913
Multi-Family
157
Businesses
206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BeckyJean Thompson • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73463811