Condo Investment Properties in Springfield, MA | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Springfield, MA

Property at 224 Nassau Dr, Springfield, MA
Listed for sale 5 days ago
$ 224,500
ROI
27.7ROI percentage
Cash Flow/m
Dollar sign494
  • 2 Bed
  • 2 Bath
  • 1053 sft
224 Nassau Dr, Springfield, MA, 01129
Property at 20 Jamestown Dr APT B, Springfield, MA
$ 289,900
ROI
25.6ROI percentage
Cash Flow/m
Dollar sign475
  • 2 Bed
  • 2 Bath
  • 1096 sft
20 Jamestown Dr APT B, Springfield, MA, 01108
Property at 40 Halifax Ct APT D, Springfield, MA
$ 289,900
ROI
22.8ROI percentage
Cash Flow/m
Dollar sign244
  • 2 Bed
  • 2 Bath
  • 1096 sft
40 Halifax Ct APT D, Springfield, MA, 01108
Property at 34 Sumner Ave APT 208, Springfield, MA
Currently Rented
$ 179,000
ROI
33.5ROI percentage
Cash Flow/m
Dollar sign687
  • 1 Bed
  • 1 Bath
  • 845 sft
34 Sumner Ave APT 208, Springfield, MA, 01108

Why Invest in Springfield, Massachusetts?

Investing in condos in Springfield, MA, presents an excellent opportunity due to its affordable entry points and potential for solid returns. With an average rent of approximately $1,500 per month, investors can expect a cap rate of around 7% and a rental yield of 8%. Additionally, the city's ongoing development projects are driving a steady appreciation in property values.

10%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
5%
1Y Appreciation

Frequently Asked Questions

The average rent for condos in Springfield is approximately $1,500 per month, making it an attractive option for both investors and renters.

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