87 Wakefield StSpringfieldMA01151
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
Investment property for sale in Springfield at 87 Wakefield St, Springfield, MA, 01151 at $249,999 posts ROI 31.95% with $832/mo cash flow from $2,408/mo rent. Total monthly income equals $2,408/mo, and annual cash flow records $9,983/yr on $82,875 to close. Return on cash invested measures 31.95% and rental yield reads 11.56% at the current $249,999. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 by year five. Five-year ROI prints 167.59% and total cumulative return in cash totals $138,886.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,408/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
8,159 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: Kempf-Vanderburgh Realty Consultants • Kempf-Vanderburgh Realty Consultants, Inc.
Mls Name: MLS PIN
Mls ID: #73405828