477 State StSpringfieldMA01105
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
Rental property for sale in Springfield at 477 State St, Springfield, MA, 01105 priced at $102,500 pairs $1,650/mo rent with $1,004/mo cash flow after a $502/mo payment. Total monthly income equals $1,650/mo, and annual cash flow comes to $12,044/yr on $33,979 invested. Return on cash invested is 55.35% in year one, and rental yield stands at 19.32% on a $102,500 basis. Equity gained on principal adds $661/yr, and 5% annual appreciation accumulates to $28,319 by year five. Five-year ROI measures 293.12% and total cumulative return in cash reaches $99,597. For financing, Ziffy Mortgage’s DSCR program evaluates $1,650/mo property income against a $502/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1830
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,550 (100%) |
| Owner Occupied HU | 593 (10.7%) |
| Renter Occupied HU | 4,441 (80.0%) |
| Vacant Housing Units | 516 ( 9.3%) |
| Median Home Value | $248,188 |
| Average Home Value | $268,957 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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