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$239,000

For Sale - Active
93 Bristol St, Springfield, MA 01109
3 Beds
2 Baths
1,138 Square Feet
0.08 Acres Lot
Built in 1916
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Jul 22, 2025 at 10:50AM

Investment Summary


Monthly Cash Flow
$205
Cap Rate
6.7%
Cash-on-Cash Return
4.5%
Debt Coverage Ratio
1.18
Internal Rate of Return (5 years)
8.4%

Property Description


0.08 Acres Lot
Built in 1916
For Sale - Active
Units n/a

A sweet place to live, centrally located close to Springfield College, MGM Casino, Mass Mutual, Bay State, highway access & more but tucked away in a neighborhood. Freshly painted throughout, with new cabinets, counter tops, & flooring downstairs. This home features 3 bedrooms & 1.5 bathrooms, with a living & dining room space downstairs. Additionally, you can count on the new gas heating system. You can enjoy coffee or wine on the front porch, an excellent place to relax in your favorite chair & tend to your plants. Move right in & make it your own! More space than meets the eye & a nice sized yard mostly enclosed. Take your time adding your finishing touches with paint or decor but do not wait to see this property & its potential! Make it your own today.

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Location


Property Details


Parking

  • Description: On Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Unfinished

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Brick/Mortar
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: SPRIS:01900P:0069
  • Lot Size: 3528 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1916

Tax Information

  • Annual Tax: $2,179

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Steam
  • Cooling: None

Location

  • County: Hampden

Investment Summary


Monthly Cash Flow
$205
Cap Rate
6.7%
Cash-on-Cash Return
4.5%
Debt Coverage Ratio
1.18
Internal Rate of Return (5 years)
8.4%

Purchase Details

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Purchase price:
$239,000
Amount financed:
-$191,200
Down payment:
$47,800
Closing costs:
$7,170
Rehab costs:
$0
Initial cash invested:
$54,970
Square feet:
1,138
Cost per square foot:
$210
Monthly rent per square foot:
$1.93

Financing Details

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Loan amount:
$191,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,131
Property tax:
$182
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,467

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$182-$2,179
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$732-$8,779

Cash Flow


Monthly Yearly
Net operating income:
$1,336 $16,032
Mortgage payments:
-$1,131 -$13,572
Cash flow:
$205 $2,460