Investment Analysis — 74 Leatherleaf Dr

Springfield, MA 01109 — 16 Acres

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01109 carries an estimated $2,360/mo in gross rent — about a 5.58% cap rate and $18,128/yr in estimated NOI at the $324,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

982

Style

Single Family

Built

1973

Discover your dream home in this beautifully updated single- level ranch. The heart of the home features a stunning fully renovated kitchen complete with new stainless steel appliances. This spacious layout includes a large living room and 3 bedrooms on the main floor. Enjoy the bright and and newly renovated bath on the first floor. The hard floors on the main level have been polished and look amazing. The eat in dining room extends to the deck. The 4th bedroom is on the lower level and offers a full bath. Plenty of storage space, Basment is framed. This home features a large backyard and would be a great place to enjoy evenings in an enclosed fenced yard. The water heater and electrical system have been updated within the last couple of years. Pack your bags and get ready to move in!!

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: 491 sq ft (the lesser of 900 sq ft or half the 982 sq ft principal dwelling). Lot size: 7,623 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 MLS and other third-party data may be inaccurate or out of date.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.