Investment Analysis — 235 State St #409

Springfield, MA 01103

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 1-bedroom in 01103 carries an estimated $1,630/mo in gross rent — about a 2.37% cap rate and $5,331/yr in estimated NOI at the $225,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,054

Style

Condominium

Built

1899

Penthouse unit with deeded garage parking over looking Saint Michael's Cathedral.Walking distance to downtown- across the street to the federal court house, walking distance to MGM casino, Mass mutual center and many great restaurants.This unit comes with an indoor deeded garage parking space and an additional storage unit next to the indoor garage parking space for easy unloading. Main bedroom has a 9x9 outdoor balcony overlooking the city, with a fabulous view! This unit is vacant and ready for a new buyer to move in. Priced at the assessed value.

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 MLS and other third-party data may be inaccurate or out of date.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.