61 Glenmore StSpringfieldMA01129
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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 Glenmore St, Springfield, MA, 01129 uses $98,787 cash to close to unlock $8,344/yr annual cash flow and $695/mo monthly cash flow. Total monthly income runs $2,574/mo, and a $1,459/mo payment keeps the spread at $695/mo. Purchase price stands at $298,000, and rental yield measures 10.37% with $2,574/mo rent. Return on cash invested shows 28.36% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 148.32% and total cumulative return in cash records $146,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,574/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Single Family
Built in 1990
8,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01129, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,059 (100%) |
| Owner Occupied HU | 2,390 (78.1%) |
| Renter Occupied HU | 558 (18.2%) |
| Vacant Housing Units | 111 ( 3.6%) |
| Median Home Value | $305,701 |
| Average Home Value | $333,644 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,913
Multi-Family
157
Businesses
206
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Listed by: Alfred C. Joyce Jr. • Rose Bud Realty
Mls Name: MLS PIN
Mls ID: #73447638