84 Central St #305SpringfieldMA01105
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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 84 Central St #305, Springfield, MA, 01105 offers a 11.65% rental yield on a $170,000 purchase with $1,650/mo rent. Total monthly income registers $1,650/mo, and a $832/mo payment leaves $319/mo available for distribution. Annual cash flow reaches $3,823/yr on $56,355 to close, and return on cash invested stands at 26.69% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 141.41% and total cumulative return in cash at $79,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,650/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01105, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,550 (100%) |
| Owner Occupied HU | 593 (10.7%) |
| Renter Occupied HU | 4,441 (80.0%) |
| Vacant Housing Units | 516 ( 9.3%) |
| Median Home Value | $248,188 |
| Average Home Value | $268,957 |
Housing Distribution
Address Breakdown
Residential
5,048
Single Family
2,342
Multi-Family
2,706
Businesses
396
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Listed by: The Gemini Team • Homes Logic Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73233268
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