56 Montmorenci StSpringfieldMA01107
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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
Rental property for sale in Springfield at 56 Montmorenci St, Springfield, MA, 01107 priced at $299,500 pairs $2,590/mo rent with $692/mo cash flow after a $1,466/mo payment. Total monthly income equals $2,590/mo, and annual cash flow comes to $8,307/yr on $99,284 invested. Return on cash invested is 28.28% in year one, and rental yield stands at 10.38% on a $299,500 basis. Equity gained on principal adds $1,933/yr, and 5% annual appreciation accumulates to $82,746 by year five. Five-year ROI measures 147.94% and total cumulative return in cash reaches $146,879. For financing, Ziffy Mortgage’s DSCR program evaluates $2,590/mo property income against a $1,466/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1902
3,049 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: N/A • N/A
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