89 Firglade AveSpringfieldMA01108
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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
Rental property for sale in Springfield at 89 Firglade Ave, Springfield, MA, 01108 priced at $524,999 converts $2,890/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,890/mo. Return on cash invested prints 17.15% in year one, and rental yield reads 6.61% against a $524,999 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 88.15% and total cumulative return in cash sums $152,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,890/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Multi Family
Built in 1912
6,273 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: Andrew Rodman • Lock and Key Realty Inc.
Mls Name: MLS PIN
Mls ID: #73401888