56 Pennsylvania AveSpringfieldMA01118
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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 Pennsylvania Ave, Springfield, MA, 01118 generates $2,408/mo in rent and, after a $1,321/mo payment, leaves $707/mo in cash flow. Total monthly income is $2,408/mo, and annual cash flow is $8,483/yr on $89,472 invested. Return on cash invested sits at 29.39% in year one, and rental yield is 10.71% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 153.83% and total cumulative return in cash sums $137,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,408/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
8,377 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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Listed by: Maureen Ryan • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73467466