Beautiful location in Wollaston. Close to the MBTA, downtown,
Route 3, parks and recreation. Oversized Colonial features 9 room,
5 bedroom, 3 baths, including the 24X17 addition for a Main Bedroom
suite with hardwood floors (recently refinished), walk-in closet,
and full bath. First floor with Covered porch / Livingroom
with fireplace* with hardwood floor and cased opening to Formal
Dining room. kitchen and stairway to 2nd floor / Formal Dining room
w/hardwood floor, chair rail and cased opening to Kitchen / Kitchen
(remodeled in 2011) features hardwood floor, Corean countertops,
center island, and a pantry converted w/cabinets & countertop /
Addition added 1st floor Family room with hardwood floors, recessed
lights, sliding glass door to beautiful deck overlooking rear yard
and several fruit trees! Side entry w/closets / Lavatory
w/tiled floor, pedestal sink and laundry connections behind folding
doors. Full basement under main house - unfinished; Full and
high ceiling basement under addition w/buikhead. Yard with tool
sheds, herb garden, fruit trees!
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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