What is the estimated cap rate for 123 Eva Drive, Leominster, MA 01453?

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, 123 Eva Drive, Leominster, MA 01453 has an estimated 3.27% cap rate at its $490,000 list price, assuming ~$2,380/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 123 Eva Drive, Leominster, MA 01453?

HUD Fair Market Rent estimates about $2,380/month total for a 3-bedroom in 01453. Actual market rent varies.

Active

3 Days on market

123 Eva Drive Leominster — Photo 1 of 42

$490,000

Investment Analysis — 123 Eva Drive

Leominster, MA 01453

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01453 carries an estimated $2,380/mo in gross rent — about a 3.27% cap rate and $16,006/yr in estimated NOI at the $490,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,146

Style

Single Family

Built

1974

****Open House Cancelled - Sellers have accepted an Offer!****Meticulously maintained 3-bedroom Raised Ranch in a beautiful quiet area. Open & airy Livingroom with a bay window, half vaulted ceiling, ceiling fan, a fireplace along with gleaming hardwood flooring. The Dining Area off the Kitchen opens up to pretty atrium doors leading you to the private back spacious composite and vinyl deck and expansive lush lawn with mostly fenced yard. The kitchen boasts cherry cabinets, tile floor and all newer appliances. Central Vacuum, Mostly hardwood floors. Mini-split system for additional heating and cooling. Lower level finished bonus room of 400sqft with another fireplace, wet bar, comfy carpeting and your future fun activities. Also, partially finished 12x22 area to easily complete and expand your footprint. Full bath upstairs and full bath down. Ample parking to entertain. Plenty of storage, large cedar closet, ample shelving and a workbench/shop area. Have to see it to believe it. Don't miss out, make your appointment today.

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: 573 sq ft (the lesser of 900 sq ft or half the 1,146 sq ft principal dwelling). Lot size: 12,500 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.

Financials

Original Price$490,000

Annual Taxes$5,700

Parking

Garage0

Off-Street6

Interior Specifications

Total Rooms6

Fireplaces2

FlooringTile, Carpet, Hardwood

BasementFull, Partially Finished, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas

CoolingHeat Pump, Dual

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationConcrete Perimeter

ZoningRA

Property & Lot

Acres0.29

SqFt Lot12,500

Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Basement

Family RoomBathroom 2

Main,First

Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1

Living Room

Lvl Main,First

13.416666666 x 17.166666666

Vaulted Ceiling(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Half Vaulted Ceiling(s)

Dining Room

Lvl Main,First

9.416666666 x 11.666666666

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, French Doors, Handicap Accessible, Deck - Exterior, Exterior Access, Lighting - Overhead

Kitchen

Lvl Main,First

9.416666666 x 11.75

Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Dining Area, Breakfast Bar / Nook, Cable Hookup, Deck - Exterior, Exterior Access, Recessed Lighting, Lighting - Overhead

Family Room

Lvl Basement

19.416666666 x 21

Flooring - Wall to Wall Carpet, Wet Bar, Exterior Access, Recessed Lighting, Lighting - Overhead

Primary Bedroom

Lvl Main,First

11.5 x 13.416666666

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead, Closet - Double

Bedroom 2

Lvl Main,First

9.416666666 x 15

Bedroom 3

Lvl Main,First

9.916666666 x 10

Ceiling Fan(s), Closet, Flooring - Hardwood

Bathroom 1

Lvl Main,First

5.083333333 x 9.416666666

Bathroom - Full, Bathroom - 3/4, Bathroom - With Shower Stall, Ceiling Fan(s), Closet, Flooring - Stone/Ceramic Tile, Handicap Accessible, Lighting - Sconce, Lighting - Pendant