908 Parker St, Springfield, MA, 01129 | $624/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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908 Parker St, Springfield, MA, 01129 | $624/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield at 908 Parker St, Springfield, MA, 01129 earns $624/mo cash flow from $2,357/mo rent with a $1,346/mo payment. Total monthly income totals $2,357/mo, and annual cash flow totals $7,485/yr on $91,163 capital. ROI tracks 28.12% on current figures, and rental yield reads 10.29% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 147.02% and total cumulative return in cash sums $134,027. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,357/mo property income instead of your personal income.

Single Family

Built in 1947

N/A lot

$N/A/sqft

No HOA

More details about the property

Looking to buy your first home? This cozy and affordable single-story ranch in the heart of Sixteen Acres is a great place to begin your homeownership journey. With 5 well-laid-out rooms, including 2 bedrooms and 1 full bath, this well-maintained home is move-in ready. You'll love the warmth of the hardwood floors, the spacious living room, and the bonus enclosed, heated sunroom - currently used as an office but perfect as a dining room or hobby space. The large basement offers plenty of room to grow - think game room, home gym, or extra storage. Enjoy outdoor space? The fully fenced backyard with a new deck is perfect for relaxing weekends. The oversized, well-kept backyard offers plenty of space for hosting friends or simply unwinding in your own private retreat. In addition there is a storage shed for your tools or gear.Conveniently located near shops, restaurants, major highways, and all the amenities you need. A great opportunity to start building equity in a home of your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01129, Springfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,059 (100%)
Owner Occupied HU	2,390 (78.1%)
Renter Occupied HU	558 (18.2%)
Vacant Housing Units	111 ( 3.6%)
Median Home Value	$305,701
Average Home Value	$333,644