16 Davis Street
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 |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Mar 17, 2024 | In contract | - | |
| In contract | |||
| Mar 13, 2024 | Listed by Berkshire Hathaway HomeServices Verani Realty Methuen | $499,900 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty Methuen | |||
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Welcome to this inviting 3-bedroom, 1-bathroom home located in Lawrence's desirable Mount Vernon Neighborhood. Step inside to find hardwood floors throughout the living room and bedrooms, creating a warm and welcoming ambiance. The living room is complemented by abundant natural light and a wood burning fireplace. The spacious eat-in kitchen features a convenient peninsula and is open to the dining area, providing an ideal space for entertaining. The step-down family room is a cozy retreat with a pellet stove, family room has slider to a screened-in porch and pool area, perfect for relaxing or hosting gatherings. Outside, the fenced-in yard offers privacy and ample space for outdoor activities. Huge finished basement offers a substantial bonus space for any use you see fit. With its convenient location near amenities and schools, this home offers both comfort and convenience. Don't miss the opportunity to make this your new home—schedule a showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017