8 Wilmont StSpringfieldMA01108
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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 8 Wilmont St, Springfield, MA, 01108 uses $94,478 cash to close to unlock $2,131/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,395/mo payment keeps the spread at $178/mo. Purchase price stands at $285,000, and rental yield measures 8.31% with $1,974/mo rent. Return on cash invested shows 22.17% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 115.11% and total cumulative return in cash records $108,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1902
5,249 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01108, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,145 (100%) |
| Owner Occupied HU | 4,242 (38.1%) |
| Renter Occupied HU | 5,968 (53.5%) |
| Vacant Housing Units | 935 ( 8.4%) |
| Median Home Value | $268,731 |
| Average Home Value | $293,145 |
Housing Distribution
Address Breakdown
Residential
10,077
Single Family
8,733
Multi-Family
1,344
Businesses
391
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Listed by: Johnny Le • Coldwell Banker Realty - Western MA
Mls Name: MLS PIN
Mls ID: #73447580