16 Cornell Rd.
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 |
|---|---|---|---|
| May 22, 2017 | Sold | ||
| Sold | |||
| Mar 2, 2017 | Listed by Coldwell Banker Residential Brokerage - Andover | $449,900 | |
| Listed by Coldwell Banker Residential Brokerage - Andover | |||
| Dec 17, 2010 | Sold | ||
| Sold | |||
| Sep 21, 2010 | Listed by William Raveis R.E. & Home Services | $289,900 | |
| Listed by William Raveis R.E. & Home Services | |||
| | |||
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Charming Cape in the Shawsheen Heights area of Andover. Spacious corner lot with detached 2 car garage. Breathtaking ultra private yard and over over sized 2 car garage with storeage above. Many of the windows are newer. Seller offers a $6,000 credit to repair or replace the roof. Pre-sale home inspection was done in April 2010 and is available with a 2nd showing. Sale contingent on license to sell.
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| Jul 21, 2010 | Listed by Coldwell Banker Residential Brokerage - Andover | $289,900 | |
| Listed by Coldwell Banker Residential Brokerage - Andover | |||
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