109 Salem Rd
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 |
|---|---|---|---|
| Jun 25, 2020 | Sold | ||
| Sold | |||
| May 13, 2019 | Listed by Coldwell Banker Realty - Topsfield | $375,000 | |
| Listed by Coldwell Banker Realty - Topsfield | |||
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Rare offering in Topsfield to build in an established neighborhood. Mature tree lined frontage with stone walls compliment this clear and open field landscape. Property is surrounded by lush wooded beauty. Minutes from downtown Topsfield and easy access to the areas vast amenities. Great location convenient to all commuter routes. Award winning Masconomet school system.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017