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16 Billings St
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 |
|---|---|---|---|
| Dec 29, 2010 | Sold | ||
| Sold | |||
| Sep 2, 2010 | Listed | $589,000 | |
| Listed | |||
| Mar 31, 2010 | Sold | ||
| Sold | |||
| Dec 11, 2009 | Listed by Keller Williams Realty-Merrimack | $265,000 | |
| Listed by Keller Williams Realty-Merrimack | |||
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Contractors Delight or Handy Buyer! FOUR BEDRM SEPTIC installed in 2000. A 36x24 addition added in 2007, w/full basement, FP, full bath, cathedral ceilings, skylights, heating system, 200Amp elect. Updated roof, windows, siding. Central AC added to orig house in 2007. Needs new kitchen, bath, and interior work. House is on dead-end street and abutts conservation land. Fantastic opportunity to turn this into a 4 bedroom home. This is a short-sale pending bank approval.
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