78 Prospect StSpringfieldMA01107
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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 78 Prospect St, Springfield, MA, 01107 earns $909/mo cash flow from $2,989/mo rent with a $1,615/mo payment. Total monthly income totals $2,989/mo, and annual cash flow totals $10,913/yr on $109,362 capital. ROI tracks 29.89% on current figures, and rental yield reads 10.87% at a $329,900 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 over five years. Five-year ROI reaches 156.53% and total cumulative return in cash sums $171,183. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,989/mo property income instead of your personal income.
Single Family
Built in 1911
6,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01107, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,812 (100%) |
| Owner Occupied HU | 890 (23.3%) |
| Renter Occupied HU | 2,638 (69.2%) |
| Vacant Housing Units | 284 ( 7.5%) |
| Median Home Value | $264,780 |
| Average Home Value | $303,753 |
Housing Distribution
Address Breakdown
Residential
3,940
Single Family
3,031
Multi-Family
909
Businesses
255
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Listed by: Richard Russo • Richard M. Russo Real Estate
Mls Name: MLS PIN
Mls ID: #73467488