896 Berkshire AveSpringfieldMA01151
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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 896 Berkshire Ave, Springfield, MA, 01151 priced at $235,000 converts $2,289/mo rent into $775/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,289/mo, and annual cash flow totals $9,295/yr on $77,903 invested. Return on cash invested prints 31.84% in year one, and rental yield reads 11.69% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 167.18% and total cumulative return in cash sums $130,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,289/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1925
3,659 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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Listed by: Michelle Terry Team • eXp Realty
Mls Name: MLS PIN
Mls ID: #73376653
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