46 Overlea DrSpringfieldMA01119
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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 46 Overlea Dr, Springfield, MA, 01119 with 5% annual appreciation on a $329,900 basis while $2,598/mo rent supports operations. Total monthly income totals $2,598/mo and a $1,615/mo payment preserves $518/mo for cash returns. Annual cash flow comes to $6,221/yr on $109,362 deployed, and return on cash invested reaches 25.6% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 9.45%. Five-year ROI measures 133.51% and total cumulative return in cash totals $146,007.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,598/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01119, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,696 (69.2%) |
| Renter Occupied HU | 1,400 (26.2%) |
| Vacant Housing Units | 245 ( 4.6%) |
| Median Home Value | $254,790 |
| Average Home Value | $268,508 |
Housing Distribution
Address Breakdown
Residential
5,236
Single Family
5,046
Multi-Family
190
Businesses
150
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Listed by: Karen Ford • Park Square Realty
Mls Name: MLS PIN
Mls ID: #73474501