Investment Analysis — 29 Hill Terrace

Ludlow, MA 01056

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01056 carries an estimated $2,130/mo in gross rent — about a 3.50% cap rate and $13,302/yr in estimated NOI at the $379,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,596

Style

Single Family

Built

1990

Welcome to 29 Hill Terrace in Ludlow. This 7 room 3 bedroom 2 full bath cape style home shows pride of ownership and is move in ready!! The spacious kitchen comes with the refrigerator, range and dishwasher and is open into the cozy family room with cathedral ceilings and a skylight bringing in tons of natural sunlight. There is a slider out to the private deck. Off the kitchen is the formal dining room with hard wood floors. The living room with it's fireplace and wall to wall carpeting is perfect for relaxing with family. Rounding out the first floor there is a bedroom with wall to wall and a full bath. On the second floor you'll find two great sized bedrooms both with ample closets and wall to wall along with another full bath. There is a full basement with high ceilings and and hatchway which is perfect for future finishing. That's where you'll find the laundry. Washer and dryer remain. The home also features forced warm air oil heat and central air, 200 amp circuit breakers and a new hot water tank. There is a sprinkler system. You'll feel right at home as soon as you walk in! Schedule your private showing today!

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: 798 sq ft (the lesser of 900 sq ft or half the 1,596 sq ft principal dwelling). Lot size: 15,333 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.