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$425,000

For Sale - Active
16-18 Haumont Ter Unit, Springfield, MA 01104
6 Beds
2 Baths
2,250 Square Feet
0.11 Acres Lot
Built in 1923
For Sale - Active
2 Units
Checked: 21 hours ago
Updated: Aug 30, 2025 at 10:45PM

Investment Summary


Monthly Cash Flow
-$674
Cap Rate
3.8%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.0%

Property Description


0.11 Acres Lot
Built in 1923
For Sale - Active
2 Units

Brand NEW roof! Live in one, rent the other- income potential starts here! This two-family home offers newly painted front porch, space, flexibility, and rental opportunity. The vacant first-floor unit features 3 bedrooms, tile floor in the kitchen and granite countertops, hardwood floors throughout, perfect for an owner-occupant or immediate rental. The second unit features the same layout with 3 bedrooms a full bath, dining room, living room with hardwood floors and newer furnace. Conveniently located near local shops, restaurants, schools, and public transit, off-street parking, a private backyard, and a two car garage to complete the package.

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Location


Property Details


Parking

  • Description: Paved Drive, Off Street
  • Details: Paved
  • Garage Spaces: 2
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Concrete Perimeter
  • Roof Material: Shingle

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: SPRIS:06420P:0004
  • Lot Size: 4791 sqft

Property Information

  • Property Type: Duplex
  • Year Built: 1923

Tax Information

  • Annual Tax: $4,657

Utilities

  • Water & Sewer: Public

Location

  • County: Hampden

Investment Summary


Monthly Cash Flow
-$674
Cap Rate
3.8%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.0%

Purchase Details

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Purchase price:
$425,000
Amount financed:
-$340,000
Down payment:
$85,000
Closing costs:
$12,750
Rehab costs:
$0
Initial cash invested:
$97,750
Square feet:
2,250
Cost per square foot:
$189
Monthly rent per square foot:
$1.11

Financing Details

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Loan amount:
$340,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,011
Property tax:
$388
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,574

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$388-$4,657
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,013-$12,157

Cash Flow


Monthly Yearly
Net operating income:
$1,337 $16,044
Mortgage payments:
-$2,011 -$24,132
Cash flow:
$674 $8,088