This updated colonial is conveniently located to commuting routes,
Needham Heights commuter rail stop, CVS and Trader Joes, Starbucks,
and more. The comfortable layout includes on the first floor: a
formal living room, updated kitchen with granite countertops, an
enormous combo family/dining room with direct access to a large
newly updated deck overlooking an expansive back yard, a
sunroom/home office, and a full bath. The second floor features 4
bedrooms, custom installed closet systems, and an updated full
bathroom. The basement provides meaningful additional space: a full
bath, laundry room, a media room and a large bonus room with direct
walk-out to the back yard holding the possibility of a game/fitness
room, guest suite, or a second home office. This delightful home
has terrific natural light, hardwood floors on 1st & 2nd floors,
recessed lights throughout, two driveways, a direct-entry garage,
and plenty of storage space. This is a great find! **COMMUTER OPEN
HOUSE TODAY 4:30PM-6PM / SATURDAY'S OPEN HOUSE HAS BEEN CANCELLED
DUE TO ANTICIPATED SEVERE WEATHER**
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.
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