62 Homestead AveSpringfieldMA01151
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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 62 Homestead Ave, Springfield, MA, 01151 priced at $319,900 pairs $2,646/mo rent with $629/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,646/mo, and annual cash flow comes to $7,554/yr on $106,047 invested. Return on cash invested is 27.03% in year one, and rental yield stands at 9.93% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 141.21% and total cumulative return in cash reaches $149,744. For financing, Ziffy Mortgage’s DSCR program evaluates $2,646/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1912
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01151, Indian Orchard, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,841 (100%) |
| Owner Occupied HU | 1,569 (40.8%) |
| Renter Occupied HU | 2,006 (52.2%) |
| Vacant Housing Units | 266 ( 6.9%) |
| Median Home Value | $246,064 |
| Average Home Value | $279,834 |
Housing Distribution
Address Breakdown
Residential
3,687
Single Family
3,560
Multi-Family
127
Businesses
307
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Listed by: Kristin Scata • Realty One Group Cutting Edge
Mls Name: MLS PIN
Mls ID: #73405382