1 Morton Road
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 |
|---|---|---|---|
| Oct 5, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $579,000 | |
| Listed | |||
| | |||
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Brackett Elementary 9 room 4 bed 1.5 bath cape on level 8,720 sq. ft. lot near Menotomy Rocks Park! Classic period details including beautiful fireplace mantel, crown molding, door hardware & china hutch. Large front to back living room & four generous bedrooms. Bright nicely finished basement family room. Efficient Goodman forced air gas furnace (2011), potentially compatible to central AC. Blown-in insulation in walls & throughout house (2011). Private covered side porch. Fenced yard with garden. 2 car garage. Great commuter location close to buses to Alewife & Harvard. A few blocks to Brackett Elementary / Robbins Farm Park. House needs updating. Update to your liking! Build equity!The manager has listed the unit size as 2057 square feet.
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| May 18, 2017 | Listed by RE/MAX Leading Edge | $579,000 | |
| Listed by RE/MAX Leading Edge | |||
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