398 Main St is a $450,000, 11,200 square foot, 12 bedroom, 14.0 bath home on a 0.06 acre lot located in Holyoke, MA.
ACTUAL OPERATING INCOME $84,600. TOTAL EXPENSES 41.37% $35,002. NET OPERATING INCOME (NOI) $49,598. Less: Annual Debt Service $22,092 (LTV RATIO 75.00%, 5% interest, 25 YEAR AMORTIZATION). CASH FLOW BEFORE TAXES $27,506. CASH ON CASH 26.20%. DEBT COV. RATIO $2.25 (DOLLARS TO PAY FOR EACH DOLLAR OF DEBT). CAP RATE 11.81%. 398-400 Main St. and 59 Hamilton St., Holyoke, MA 01040 (Hampden County) has 6-1 Bedroom, 6-2 room Efficiency and 2 commercial units in the 14 unit building. Turn-of-the-century 4-story brick Victorian building with elaborate cornices; high ceilings; in South Holyoke, an area of major recent investment. Eligible for National Historic Register. Near canal system with planned redevelopment use of federal funds as attractive urban center. Walking distance from public library, bus lines and mayors office. Holyoke is a planned industrial community,
|Above Grade Sqft||11,200|
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