282-284 Parkerview StSpringfieldMA01129
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 282-284 Parkerview St, Springfield, MA, 01129 in Springfield the bet is firmly on appreciation. Rental yield 2.48%. The 2.48% gross yield on a $449,987 price is below income-first thresholds, but 5%/yr value growth projects $124,323 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.46) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $48,248.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 6.2% |
| Monthly Cash Flow | $(1,906) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $930 |
| Total Monthly Debt Service | $2,657 |
| DSCR Ratio | 0.35x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1976
10,001 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,913
Multi-Family
157
Businesses
206
Nearby investment properties with comparable rents
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
Multi Family
Built in 1976
10,001 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,913
Multi-Family
157
Businesses
206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73522437