665 Parker 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 665 Parker St, Springfield, MA, 01129 listed at $299,900 pairs $2,144/mo rent with a $1,468/mo payment to leave $254/mo cash flow. Total monthly income runs $2,144/mo, and annual cash flow reaches $3,044/yr on $99,417 cash to close. Return on cash invested measures 22.97% in year one, and rental yield registers 8.58% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 119.42% and total cumulative return in cash totals $118,720. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,144/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
10,359 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: Kimberly Allen Team • Berkshire Hathaway HomeServices Realty Professionals
Mls Name: MLS PIN
Mls ID: #73457585