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46-48 Acorn St, Springfield, MA 01109
$153,500

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Investors take notice! This two-family property has a lot to offer. When approaching the front door, you're immediately greeted by enclosed porches on the first and second floors. You may also notice the fenced-in yard, two-car detached garage, and aluminum siding. Each unit contains three bedrooms, one full bathroom, kitchen, living room and family room, with wood floors throughout. The first floor also has new tile flooring and tiled counter tops. 2009 upgrades include furnace, hot water heater, and electrical panel APO. Both units boast newer windows, too. Reach out to our team to schedule a private showing of this investment property.

INVESTMENT HIGHLIGHTS

List Price
$153,500
Gross Living Area
2,100 Sq.Ft.
Price per Sq.ft.
$73
Number of Units
2
Price per Unit
$76,750
Taxes
$2,354
Down Payment 25%
$38,375
Loan Amount
$115,125
Monthly Payment 4.5%
$583
Net Operating Income
$23,114
Annual Cash Flow
$16,118
Cash on Cash Return
42.0%
Cap Rate
15.1%
Condo Conversion Equity
$69,100
Year Built
1924
Lot Size
5,354 Sq.Ft.
Basement
Y
Assessed Value
$119,600
Bedroms
6
Bathrooms
2 full / 1 half
Parking Spaces
6
Garage Spaces
2

ANNUAL INCOME & EXPENSE BREAKDOWN

Income
Projected
Gross Scheduled Rent
$29,808
Less 5.0% Vacancy
$1,490
Net Rental Income
$28,318
Other Income
$0
Total Operating Income
$28,318
Expenses
Projected
Real Estate Taxes
$2,354
Insurance
$1,500
Water/Sewer
$500
Heat
$0
Electric
$0
Trash Removal
$0
Management Fee
$0
Maintenance/Repairs
$850
Total Operating Expenses
$5,204
Net Operating Income
$23,114
Less Debt Service
$6,996
Potential Net Cash Flow
$16,118
Cash on Cash Return
42.0%
Cap Rate
15.1%
Condo Conversion Equity
$69,100

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Disclaimer: We do not guarantee the accuracy of the numbers provided are 100% accurate. But we are saying these are in fact rough estimates that you can use as a tool to help decide whether or not you’d like to continue to learn more about the property or not. We recommend doing your own due diligence or having a one of our agents do the leg work for you. There are just too many factors that can affect any of the projected numbers listed on any property on our website. Such factors beyond our control include but are not limited to: Financing Terms, Tax Rates, Overall Condition of Property, Investors ability to operate and manage property and tenants effectively.
This property is listed by The Weingarten Real Estate Team of Rovithis Realty, LLC. The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Wellsco Realty · 40R Merrimac Street, Newburyport, MA · (617) 212-3251