Investment Analysis — 91 Spikenard Cir

Springfield, MA 01129 — Sixteen Acres

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01129 carries an estimated $2,530/mo in gross rent — about a 4.67% cap rate and $17,039/yr in estimated NOI at the $365,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,936

Style

Single Family

Built

1971

MOTIVATED SELLERS — BRING YOUR VISION! Tons of possibilities with this spacious 4-bedroom, 2-full-bath ranch offering much more space than meets the eye. Whether you’re looking for room to grow, work from home, entertain, or create dedicated hobby and recreational spaces, this property offers incredible flexibility. Inside, you’ll find hardwood flooring, a spacious living room, an updated eat-in kitchen with stainless steel appliances, generously sized bedrooms, and a finished lower level offering even more usable space—perfect for a family room, home office, gym, media room, or whatever fits your needs. Outside, enjoy an expansive deck overlooking the large backyard, ideal for summer barbecues, gatherings, gardening, and outdoor living. One of the property’s standout features is the attached two-car pass-through garage PLUS an additional detached one-car garage, providing exceptional possibilities for car enthusiasts, contractors, hobbyists, a workshop, recreational equipment, or additional storage. Situated on a generous 11,452 sq. ft. lot and conveniently located near shopping, dining, schools, and major routes. Motivated sellers and so much potential—come see the possibilities this property has to offer!

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 1,936 sq ft principal dwelling). Lot size: 11,452 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.

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