16 Florence 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 |
|---|---|---|---|
| Jul 26, 2004 | Sold | ||
| Sold | |||
| May 6, 2004 | Listed by Coldwell Banker Realty - Longmeadow | $40,500 | |
| Listed by Coldwell Banker Realty - Longmeadow | |||
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Large Colonial was used like a boarding house. Lots of wear and tear but huge potential. Fix it up and resell!
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| Dec 8, 1998 | Sold | ||
| Sold | |||
| Jun 5, 1998 | Listed by Classics Real Estate | $41,900 | |
| Listed by Classics Real Estate | |||
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SPACIOUS ROOMS, STAINED GLASS, ORNATE OAK FIREPLACE, POCKET DOORS, SECURITY SYSTEM, FENCED YARD - ALL AT AFFORDABLE PRICE. A LEGAL 2 FAMILY, IT'S PERFECT FOR INLAWS OR LARGE EXTENDED FAMILY.
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