55 Mandalay RdSpringfieldMA01118
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 55 Mandalay Rd, Springfield, MA, 01118 priced at $399,000 converts $3,394/mo rent into $879/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,394/mo, and annual cash flow totals $10,549/yr on $132,269 invested. Return on cash invested prints 27.88% in year one, and rental yield reads 10.21% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 145.8% and total cumulative return in cash sums $192,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,394/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1870
9,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,813 (80.1%) |
| Renter Occupied HU | 1,039 (17.3%) |
| Vacant Housing Units | 155 ( 2.6%) |
| Median Home Value | $269,694 |
| Average Home Value | $319,742 |
Housing Distribution
Address Breakdown
Residential
5,971
Single Family
5,891
Multi-Family
80
Businesses
141
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Nearby investment properties with comparable prices
Listed by: Eric Vick • Deedshare Realty Co
Mls Name: MLS PIN
Mls ID: #73406010