55 Florida StSpringfieldMA01109
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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 55 Florida St, Springfield, MA, 01109 uses $99,119 cash to close to unlock $2,927/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $2,128/mo, and a $1,463/mo payment keeps the spread at $244/mo. Purchase price stands at $299,000, and rental yield measures 8.54% with $2,128/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 118.81% and total cumulative return in cash records $117,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,128/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1883
7,026 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01109, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,170 (100%) |
| Owner Occupied HU | 4,706 (42.1%) |
| Renter Occupied HU | 5,570 (49.9%) |
| Vacant Housing Units | 894 ( 8.0%) |
| Median Home Value | $226,186 |
| Average Home Value | $274,286 |
Housing Distribution
Address Breakdown
Residential
10,447
Single Family
9,052
Multi-Family
1,395
Businesses
450
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Listed by: Kathleen Norton • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73450470