88 Surrey RdSpringfieldMA01118
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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 88 Surrey Rd, Springfield, MA, 01118 offers $2,157/mo rent that, after a $1,468/mo payment, leaves $267/mo cash flow. Total monthly income is $2,157/mo, and annual cash flow is $3,200/yr on $99,417 cash. Return on cash invested measures 23.13% in year one, and rental yield stands at 8.63% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 120.26% and total cumulative return in cash reaches $119,560. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,157/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
7,627 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01118, Springfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,007 (100%) |
| Owner Occupied HU | 4,813 (80.1%) |
| Renter Occupied HU | 1,039 (17.3%) |
| Vacant Housing Units | 155 ( 2.6%) |
| Median Home Value | $269,694 |
| Average Home Value | $319,742 |
Housing Distribution
Address Breakdown
Residential
5,971
Single Family
5,891
Multi-Family
80
Businesses
141
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Listed by: Ryan McDowell • Naples Realty Group
Mls Name: MLS PIN
Mls ID: #73420204