74 Oak StSpringfieldMA01151
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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 74 Oak St, Springfield, MA, 01151 priced at $457,500 converts $2,338/mo rent into after a $2,239/mo obligation. Total monthly income equals $2,338/mo. Return on cash invested prints 15.59% in year one, and rental yield reads 6.13% against a $457,500 entry. Equity gained on principal adds $2,952/yr, while 5% annual appreciation compiles into $126,399 by year five. Five-year ROI reaches 79.86% and total cumulative return in cash sums $121,112. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,338/mo property income covering a $2,239/mo payment, not borrower’s personal income.
Multi Family
Built in 1913
8,276 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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