79 Merrill StreetSpringfieldVT05156
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 79 Merrill Street, Springfield, VT, 05156 priced at $199,000 pairs $1,580/mo rent with $256/mo cash flow after a $974/mo payment. Total monthly income equals $1,580/mo, and annual cash flow comes to $3,073/yr on $65,969 invested. Return on cash invested is 24.57% in year one, and rental yield stands at 9.53% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 128.51% and total cumulative return in cash reaches $84,774. For financing, Ziffy Mortgage’s DSCR program evaluates $1,580/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05156, Springfield, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 2,767 (62.9%) |
| Renter Occupied HU | 1,175 (26.7%) |
| Vacant Housing Units | 459 (10.4%) |
| Median Home Value | $210,760 |
| Average Home Value | $293,656 |
Housing Distribution
Address Breakdown
Residential
4,032
Single Family
3,716
Multi-Family
316
Businesses
285
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Listed by: Chelsea Cary • Barrett and Valley Associates Inc.
Mls Name: PrimeMLS
Mls ID: #5071811