0 Marine Street Springfield — Photo 1 of 2
$55,000
Investment Analysis — 0 Marine Street
Springfield, MA 01101 — Sixteen Acres
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01101 carries an estimated $1,200/mo in gross rent — about a 19.75% cap rate and $10,862/yr in estimated NOI at the $55,000 list price. Adjust every assumption in the calculator below.
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Potentially buildable lot located on an undeveloped section of Marine Drive. This paper road is expected to be developed in the future, creating access to this parcel. The area consists of approximately 15 lots owned by various individuals, with one existing home already situated on the current dirt road. Utility availability is to be determined. A unique opportunity for buyers looking to invest in a possible future building lot in an emerging residential area.
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: The Denise Desellier Team
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73517890