Investment Analysis — 18 Bay View Dr

Shrewsbury, MA 01545

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 1-bedroom in 01545 carries an estimated $2,180/mo in gross rent — about a 5.11% cap rate and $16,348/yr in estimated NOI at the $319,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

720

Style

Single Family

Built

1947

Adorable bungalow in this very popular lake area of Shrewsbury. Perfect for enjoying boating, waterskiing, etc. Long time owner loved the setting and the overall ambiance of this neighborhood. Home is vinyl sided, replacement windows, new vinyl plank flooring, completely open floor plan. Garage was added and attached to the house to provide extra parking and a carport. Potential to finish area over garage which would add to the overall living space. Pellet stove in the vaulted living room helps with the affordability of this home. Lots of charm and character one would expect in a property of this age. Close to highways, the newer Market Basket in town and many services. Come see to appreciate.

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: 360 sq ft (the lesser of 900 sq ft or half the 720 sq ft principal dwelling). Lot size: 4,650 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 MLS and other third-party data may be inaccurate or out of date.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.