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15 Ernest Avenue
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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 |
|---|---|---|---|
| Sep 14, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2021 | Listed by Keller Williams Realty-Merrimack | $374,999 | |
| Listed by Keller Williams Realty-Merrimack | |||
| Jun 15, 2011 | Sold | ||
| Sold | |||
| Apr 8, 2011 | Listed by RE/MAX Way | $199,900 | |
| Listed by RE/MAX Way | |||
| | |||
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Surprisingly spacious 4 bedroom, 2 bath Cape in great neighborhood & close to the best Worcester has to offer....restaurants, Lake Park, UMass & more. Oversized 2 car garage, beautiful hardwood floors, low maintenance vinyl siding, replacement windows, enclosed porch, flexible floor plan, built-ins & a living room bay window that lets the sun pour in! Walk-out finished lower level awaits your finishing touches. Possible in-law or au-pair suite on upper level...consider the possibilities!
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| Dec 1, 2010 | Listed by Keller Williams Realty-Merrimack | $225,900 | |
| Listed by Keller Williams Realty-Merrimack | |||
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