11 Shea St
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 |
|---|---|---|---|
| Dec 13, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 18, 2018 | Listed by Keller Williams Realty North Central | $150,000 | |
| Listed by Keller Williams Realty North Central | |||
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RARE OPPORTUNITY seasonal beach cottage walking distance to Salisbury beach as well as shops and restaurants! This property was enjoyed by their current family for over 60 years and are now ready for its new owner! Two bedrooms, one bath, kitchen and living room all on one level. Great sunporch for sitting back and reading a book or early morning coffee! Buy now and enjoy the revitalization of Salisbury! Make this the summer you stopped renting and started generating equity and potential income! Also available to be sold as a package with 9 Shea St. Inquire for details.
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| Jun 8, 2018 | Listed by Keller Williams Realty North Central | $384,900 | |
| Listed by Keller Williams Realty North Central | |||
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