Investment Analysis — 642 Greenfield Road

Deerfield, MA 01342

Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01342 carries an estimated $2,950/mo in gross rent — about a 6.68% cap rate and $22,644/yr in estimated NOI at the $339,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,357

Style

Single Family

Built

1948

Well-maintained 3-bedroom, 1.5-bath Cape overlooking the surrounding Deerfield farmland. Offering approximately 1,357 square feet of living space, the home features a spacious eat-in kitchen, hardwood floors, fireplace and first-floor vinyl replacement windows. A first-floor bedroom and full bath provide a convenient and flexible layout, with two additional bedrooms upstairs. Enjoy the covered patio, .74-acre lot and 1-car attached garage. This solidly built home has been nicely cared for over the years and offers a comfortable setting with convenient access to Routes 5 & 10 and area amenities. (Showings Begin at Open House) **OPEN HOUSE: Saturday 10/3 and Sunday 10/4 11AM-1PM**

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: 679 sq ft (the lesser of 900 sq ft or half the 1,357 sq ft principal dwelling). Lot size: 32,234 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 MLS and other third-party data may be inaccurate or out of date.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.