11 March 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 |
|---|---|---|---|
| Nov 6, 2015 | Sold | ||
| Sold | |||
| Apr 19, 2015 | Listed by Susan L. Grillo | $549,900 | |
| Listed by Susan L. Grillo | |||
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"The Marshlands" Consists of 3 New construction single family homes adjacent to Rings Island, just steps to downtown Newburyport, the Rail Trail and Salisbury Marinas. Each home has been well planned to gear your lifestyle to easy low maintenance living. Complete with first floor Master Suites, 2 car garages, full basements, vinyl exteriors and decking. Distant water views and mature trees offer privacy and distance from the road. The open concept first floor provides ample space for entertaining with gas fireplace, dining area to exterior deck, and large cabinet packed kitchen. There are 2 large bedrooms and full bath on 2nd floor, with an unfinished space above the garage which could be finished for additional space if needed. Low taxes, proximity to the marinas and Newburyport and low maintenance exteriors make this the perfect option for your next move.
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| Sep 10, 2014 | Sold | ||
| Sold | |||
| Mar 30, 2014 | Listed by William Raveis the Dolores Person | $450,000 | |
| Listed by William Raveis the Dolores Person | |||
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Capture this rare opportunity to build on Rings Island. Enjoy the natural beauty this 2+ acre lot has to offer. Prime location for easy access of Gillis Bridge into downtown Newburyport, rail trail and area beaches. Town pier and boat launch ramp nearby.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017