61-63 Wilcox StSpringfieldMA01105
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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 61-63 Wilcox St, Springfield, MA, 01105 earns $137/mo cash flow from $1,650/mo rent with a $1,175/mo payment. Total monthly income totals $1,650/mo, and annual cash flow totals $1,644/yr on $79,556 capital. ROI tracks 21.98% on current figures, and rental yield reads 8.25% at a $239,987 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,304 over five years. Five-year ROI reaches 114.14% and total cumulative return in cash sums $90,802. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,650/mo property income instead of your personal income.
Multi Family
Built in 1893
3,637 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,550 (100%) |
| Owner Occupied HU | 593 (10.7%) |
| Renter Occupied HU | 4,441 (80.0%) |
| Vacant Housing Units | 516 ( 9.3%) |
| Median Home Value | $248,188 |
| Average Home Value | $268,957 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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Listed by: Bill Nichols • Hampden Realty Center, LLC
Mls Name: MLS PIN
Mls ID: #73445065