Investment Analysis — 297 Falley Dr.

Westfield, MA 01085 — Shaker Heights

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01085 carries an estimated $2,010/mo in gross rent — about a 2.56% cap rate and $11,523/yr in estimated NOI at the $449,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,444

Style

Single Family

Built

1968

You won’t want to miss this wonderfully maintained ranch in Shaker Heights. This home offers a blend of comfort and versatility, all wrapped in single-level living. Having a fresh coat of paint throughout, this home shines as the natural light fills each room. The fabulous kitchen hosts generous cabinet storage and counter space. The fire-placed dining area and an open-concept living/dining room (featuring a built-in china cabinet) offer a comfortable layout providing a welcoming setting for everyday living and entertaining. The generous-sized 3 bedrooms and 2 baths, with ample closet space, allow for ease and flexibility. All this is set on a large flat lot offering plenty of space both inside and out, with multiple outbuildings for ample storage and a fully fenced backyard. Additional bonuses include a two-car heated garage, a full basement with potential to finish, an expansive 3-season porch, and a screened-in gazebo, providing ideal spots to relax and enjoy the outdoors. Conveniently located near Munger Hill Elementary School, the Westfield Bike Path, Columbia Greenway Rail Trail, shopping, and Shaker Farms Country Club. Any offers are due Monday, Oct. 5th by 5:00 pm.

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: 722 sq ft (the lesser of 900 sq ft or half the 1,444 sq ft principal dwelling). Lot size: 27,007 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.