120 Fairview Rd #120
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 |
|---|---|---|---|
| Feb 1, 2023 | Sold | ||
| Sold | |||
| Oct 22, 2022 | In contract | - | |
| In contract | |||
| Sep 20, 2022 | Listed by Redfin Corp. | $473,900 | |
| Listed by Redfin Corp. | |||
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DEADLINE TO SUBMIT IS CLOSED! Resale of an affordable townhouse located in the High Rock Homes Development is being sold to a qualifying buyer through the Needham Planning and Community Development Department. . The property is subject to a deed restriction and may be awarded via a lottery with preference for household size, see application for further details. APPLICATION MUST BE COMPLETED AND SUBMITTED TO DEPARTMENT OF PLANNING AND COMMUNITY DEVELOPMENT, 500 DEDHAM AVE, NEEDHAM, MA 02492 ATTENTION KAREN SUNNARBORG, HOUSING SPECIALIST NO LATER THAN 4PM On October 21, 2022. Interested buyers must meet income requirements as follows: 110% Area Median Income # persons in household. 1 person $107,954 2 people $123,376 3 people $138,798 4 people $154,220 5 people $116,558 6 people $178,895. HUD Income Limits for the Boston-Cambridge-Quincy, MA-NH HUD Metropolitan Area, 2022Household's financial assets do not exceed the maximum allowed $100,000.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/20/2022
|
3 Bed
|
2 Bath
|
1224 ft²
|
$473,900
3 Bed
2 Bath
1224 ft²
|
$473,900
02/01/2023
|
Carrie Crisman
Redfin Corp.
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017