16 Alden Road
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 |
|---|---|---|---|
| Jun 18, 2019 | Sold | ||
| Sold | |||
| Feb 25, 2019 | Listed by Coldwell Banker Residential Brokerage - Beverly | $460,000 | |
| Listed by Coldwell Banker Residential Brokerage - Beverly | |||
| Jan 15, 2009 | Sold | ||
| Sold | |||
| Sep 29, 2008 | Listed by Coldwell Banker Realty - Beverly | $239,000 | |
| Listed by Coldwell Banker Realty - Beverly | |||
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This is a cream puff of a home in South Peabody with expansion possibility. The home currently boasts 4 room, 2 bedrooms and 1 full bath on a single level. Many recent updates make this an ideal investment and the local is terrific-near major routes 1, 128, and I95 and near Peabody and Lynn town centers.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017