Investment Analysis — 834 East St

Ludlow, MA 01056

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01056 carries an estimated $1,740/mo in gross rent — about a 5.54% cap rate and $12,464/yr in estimated NOI at the $224,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

900

Style

Single Family

Built

1954

Forget renting! 834 East Street offers a fantastic opportunity to own a home in a convenient location near downtown Ludlow. This 2-bedroom, 1-bath Cape features approximately 900 square feet of living space, a corner lot, fenced-in backyard, hardwood flooring, a covered side porch, and an abundance of natural light throughout. The home has plenty of character and a functional layout, with two bedrooms upstairs and comfortable living and dining spaces on the main level.Many of the big-ticket items have already been taken care of, including a new roof (2024), new heat pump mini-split system (2023), new heat pump water heater (2023), and energy-efficiency improvements completed through Mass Save, including insulation work. An affordable solar lease of approximately $100 per month works hand in hand with the heat pump system to help keep monthly energy costs low.This home presents an excellent value-add opportunity for a first-time homebuyer, investor, or anyone looking to build equity through cosmetic improvements. With the major mechanical and exterior updates already completed, the next owner can focus on updating finishes, adding their own style, and unlocking the home’s full potential. A great alternative to renting with the opportunity to own, improve, and make it your own.

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: 450 sq ft (the lesser of 900 sq ft or half the 900 sq ft principal dwelling). Lot size: 5,009 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.