1 Fairway Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2014 | Sold | ||
| Sold | |||
| Oct 4, 2012 | Sold | ||
| Sold | |||
| Oct 6, 2011 | Listed by Mullane Real Estate Services | $79,900 | |
| Listed by Mullane Real Estate Services | |||
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Corner lot on a small private cul de sac street. Four bedroom septic design and a well installed 2006/2007. Septic design will required an updating on the approval. Land partially cleared and ready for your home plans. Convenient to shopping and schools plus the train in Shirley, and Ayer. Other lots already developed.
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| Mar 31, 2011 | Listed by MRM Associates | $110,000 | |
| Listed by MRM Associates | |||
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