1358 Brimfield 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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | Listed by RE/MAX Connections - Belchertown | $160,000 | |
| Listed by RE/MAX Connections - Belchertown | |||
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This quaint log cabin boasts two bedrooms, a single bath, a large living room with vaulted ceilings and a gorgeous fieldstone fireplace. Sitting on a spacious 1.34 acre private lot, offers ample space for outdoor activities or possible expansion. A bonus room in the partially finished walkout basement adds versatility, providing extra living space or storage options. However, it's important to note that there is a setback: the septic system has failed and home does have some minor condition issues. This aspect requires attention and investment from potential buyers. With this caveat, the property is being sold "as is," meaning the seller will not be making any repairs.Investors, in particular, may find this property intriguing due to its potential and the opportunity to renovate or address the septic issue for a profitable return. Seller may need time to find suitable housing so quick close may not be best.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017