1
Map
16 1/2 Myrtle Square
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 |
|---|---|---|---|
| Sep 30, 2009 | Sold | ||
| Sold | |||
| Feb 20, 2009 | Listed by Coldwell Banker Realty - Gloucester | $99,900 | |
| Listed by Coldwell Banker Realty - Gloucester | |||
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Can you rent for only $600 and get $8000 tax credit? Purchase cottage with garden beds to renovate while still affordable. Transit-oriented near MBTA allows one to forgo cost of car. Walk to PO, library, beaches, downtown. Live-in while remodeling. Roof in good shape, nice granite foundation. Can be restored with a little hard work, lucky person will have a garden cottage in downtown Gloucester. Lot small but pleasant. Parking off-street.
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Address: 335 Madison Avenue, New York, NY 10017