68-70 Massachusetts AveSpringfieldMA01109
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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 68-70 Massachusetts Ave, Springfield, MA, 01109 priced at $400,000 converts $2,549/mo rent into $28/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $332/yr on $132,600 invested. Return on cash invested prints 20.16% in year one, and rental yield reads 7.65% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 104.34% and total cumulative return in cash sums $138,352. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
6,469 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01109, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,170 (100%) |
| Owner Occupied HU | 4,706 (42.1%) |
| Renter Occupied HU | 5,570 (49.9%) |
| Vacant Housing Units | 894 ( 8.0%) |
| Median Home Value | $226,186 |
| Average Home Value | $274,286 |
Housing Distribution
Address Breakdown
Residential
10,447
Single Family
9,052
Multi-Family
1,395
Businesses
450
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Listed by: Team ROVI • Real Broker MA, LLC
Mls Name: MLS PIN
Mls ID: #73351167
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