Investment Analysis — 158 Woodcrest Rd

Springfield, MA 01029

Based on HUD Small Area Fair Market Rent for Berkshire County, MA (part) HUD Metro FMR Area, a 3-bedroom in 01029 carries an estimated $2,050/mo in gross rent — about a 4.29% cap rate and $15,009/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,136

Style

Single Family

Built

1954

Look No Further! This beautifully renovated 3-bedroom ranch offers comfortable one-level living with thoughtful updates throughout, set on a large lot in a desirable residential section of Springfield. Step inside to a bright and welcoming living room featuring recessed lighting and refinished floors. The fully renovated kitchen is both stylish and functional, featuring beautiful quartz counter tops, tiled flooring, and SS appliances. Just off the kitchen, the spacious family room overlooks the deck and expansive green yard, creating the perfect space for relaxing or entertaining.The home offers three generously sized bedrooms, each with refinished flooring and ample closet space. The fully renovated bathroom has been tastefully tiled throughout and offers a fresh, modern feel. Outside, enjoy a large fenced-in yard, deck, and plenty of space for outdoor activities and gatherings. New siding adds to the home's fresh exterior appearance and low-maintenance appeal. The one-car garage provides convenient parking and additional storage. The partially finished basement includes an additional room that can be used as a home office, study, playroom, or flex space to suit your needs.With its extensive renovations, spacious layout, large yard, and desirable residential setting, this move-in-ready ranch is a wonderful place to call home!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 568 sq ft (the lesser of 900 sq ft or half the 1,136 sq ft principal dwelling). Lot size: 13,456 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.