74 Blanche StSpringfieldMA01119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 74 Blanche St, Springfield, MA, 01119 priced at $322,800 converts $2,760/mo rent into $725/mo cash flow after a $1,580/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $8,705/yr on $107,008 invested. Return on cash invested prints 28.04% in year one, and rental yield reads 10.26% against a $322,800 entry. Equity gained on principal adds $2,083/yr, while 5% annual appreciation compiles into $89,184 by year five. Five-year ROI reaches 146.64% and total cumulative return in cash sums $156,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,580/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.47 Acres 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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Nearby investment properties with comparable prices
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