508 Cold Spring Ave #1AWest SpringfieldMA01089
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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 West Springfield at 508 Cold Spring Ave #1A, West Springfield, MA, 01089 offers a 9.21% rental yield on a $159,900 purchase with $1,227/mo rent. Total monthly income registers $1,227/mo, and a $783/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,626/yr on $53,007 to close, and return on cash invested stands at 24.86% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 129.55% and total cumulative return in cash at $68,670. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,227/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1943
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01089, West Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,930 (100%) |
| Owner Occupied HU | 7,146 (55.3%) |
| Renter Occupied HU | 5,138 (39.7%) |
| Vacant Housing Units | 646 ( 5.0%) |
| Median Home Value | $352,299 |
| Average Home Value | $412,149 |
Housing Distribution
Address Breakdown
Residential
12,372
Single Family
10,000
Multi-Family
2,372
Businesses
1,291
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Listed by: The Andujar, Gallagher, Aguasvivas & Bloom Team • Gallagher Real Estate
Mls Name: MLS PIN
Mls ID: #73461674