Investment Analysis — 68 Homestead Ave

Springfield, MA 01151 — Pine Pt Bstn Rd

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01151 carries an estimated $2,480/mo in gross rent — about a 3.61% cap rate and $16,979/yr in estimated NOI at the $469,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,800

Style

Single Family

Built

2026

FABULOUS NEW CONSTRUCTION IN INDIAN ORCHARD! Featuring 4 bedrooms, 2 full bathrooms (one of the first floor), attached 1 car garage and open floor plan. Beautiful hardwood floors throughout the first floor and 2nd floor, all stainless steel appliances, soft-close cabinets and drawers and granite countertop! The eat-in kitchen has an oversized island, dining area and gives access to the large back yard through the sliding glass doors leading out to a 12x12 deck and large patio! primary bedroom has two large closets and red oak hard wood floors. The second floor also has three additional bedrooms with hard wood floors and large closets,2nd floor laundry room and a large full bathroom with a double vanity and tile flooring! This home has a large full basement just waiting for your idea and tankless hot water! New Construction ALWAYS comes with a one year builders warranty! Save money by purchasing an energy efficient brand new construction home 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: 900 sq ft (the lesser of 900 sq ft or half the 1,800 sq ft principal dwelling). Lot size: 5,000 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.