Investment Analysis — 43 Eddywood St

Springfield, MA 01118

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01118 carries an estimated $2,380/mo in gross rent — about a 4.75% cap rate and $17,523/yr in estimated NOI at the $369,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,580

Style

Single Family

Built

1927

Welcome to this updated Colonial! This charming 3-bedroom, 1.5-bath home beautifully blends classic character with modern updates. Beautiful hardwood floors flow throughout, adding warmth and elegance to the spacious living room and adjacent seating area, where abundant natural light surrounds a brick fireplace and creates a welcoming atmosphere. The updated kitchen features stone countertops, porcelain tile flooring, a stylish backsplash, and stainless steel appliances. A lovely formal dining room provides the perfect setting for gatherings and entertaining. Upstairs, you’ll find three generously sized bedrooms, all with hardwood flooring, along with an updated full bathroom featuring granite countertops. Enjoy additional living space in the wonderful heated sunroom, which overlooks the private backyard and offers a peaceful place to relax year-round. There is also a finished room in the basement that adds extra versatility to the home. A one-car garage adds convenience. With extensive updates throughout, this Colonial is truly move-in ready and waiting to welcome its new owners! Seller states boiler 2024, water heater 2024, washer and dryer 2023. OPEN HOUSE Sunday, Aug 30th 1:30 pm -3:00 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: 790 sq ft (the lesser of 900 sq ft or half the 1,580 sq ft principal dwelling). Lot size: 7,200 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.