13 River 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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Feb 26, 2024 | Delisted | - | |
| Delisted | |||
| Sep 27, 2023 | In contract | - | |
| In contract | |||
| Aug 24, 2023 | Listed by Coldwell Banker Realty - Beverly | $449,999 | |
| Listed by Coldwell Banker Realty - Beverly | |||
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Contractors take note, this 4 bedroom home on an oversized lot in prime Danvers location offers major potential. Lot square footage may allow for additional unit on property. Home is in need of renovation but offers spacious, square rooms and land to expand. More recent updates to circuit breaker and hot water heater. Detached two car garage with storage/workshop space. Large, flat lot on wide street leading to bay. Water access at end of the street. Convenient to malls, highways, schools and towns including Danvers, Peabody, Salem and Beverly. Prime opportunity to improve home or potential for further development. Buyer to do all due diligence, sold as is.
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Address: 335 Madison Avenue, New York, NY 10017