485 Riverside RdSpringfieldMA01107
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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 485 Riverside Rd, Springfield, MA, 01107 with 5% annual appreciation on a $350,000 basis while $2,323/mo rent supports operations. Total monthly income totals $2,323/mo and a $1,713/mo payment preserves $117/mo for cash returns. Annual cash flow comes to $1,405/yr on $116,025 deployed, and return on cash invested reaches 21.12% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 7.96%. Five-year ROI measures 109.52% and total cumulative return in cash totals $127,070.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,323/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
9,805 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01107, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,812 (100%) |
| Owner Occupied HU | 890 (23.3%) |
| Renter Occupied HU | 2,638 (69.2%) |
| Vacant Housing Units | 284 ( 7.5%) |
| Median Home Value | $264,780 |
| Average Home Value | $303,753 |
Housing Distribution
Address Breakdown
Residential
3,940
Single Family
3,031
Multi-Family
909
Businesses
255
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Listed by: HRA Realty Group • Executive Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73448115