50 Newland StSpringfieldMA01107
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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 50 Newland St, Springfield, MA, 01107 priced at $239,000 pairs $2,362/mo rent with $855/mo cash flow after a $1,170/mo payment. Total monthly income equals $2,362/mo, and annual cash flow comes to $10,265/yr on $79,229 invested. Return on cash invested is 32.87% in year one, and rental yield stands at 11.86% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 172.5% and total cumulative return in cash reaches $136,668. For financing, Ziffy Mortgage’s DSCR program evaluates $2,362/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
5,349 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: Camille Premo • Lock and Key Realty Inc.
Mls Name: MLS PIN
Mls ID: #73459206