63 Granger StSpringfieldMA01119
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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 63 Granger St, Springfield, MA, 01119 uses $101,074 cash to close to unlock $3,067/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $2,177/mo, and a $1,492/mo payment keeps the spread at $256/mo. Purchase price stands at $304,900, and rental yield measures 8.57% with $2,177/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 119.27% and total cumulative return in cash records $120,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,177/mo property income covering a $1,492/mo payment rather than investor’s personal income.
Single Family
Built in 1949
5,637 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01119, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,341 (100%) |
| Owner Occupied HU | 3,696 (69.2%) |
| Renter Occupied HU | 1,400 (26.2%) |
| Vacant Housing Units | 245 ( 4.6%) |
| Median Home Value | $254,790 |
| Average Home Value | $268,508 |
Housing Distribution
Address Breakdown
Residential
5,236
Single Family
5,046
Multi-Family
190
Businesses
150
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Listed by: Carlos Ramos • Executive Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73456826