16 Florida 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 |
|---|---|---|---|
| Oct 22, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Price Decreased |
$524,950
↓ $50
(0%) | |
| Price Decreased | |||
| Jul 14, 2025 | Listed by Citylight Homes LLC | $525,000 | |
| Listed by Citylight Homes LLC | |||
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All the big-ticket updates are done: newer roof; brand-new full-perimeter French drain with sump pump; updated electric panel; and a newer gas furnace. Move right in and enjoy a charming Cape with a front-to-back living room (fireplace, rich woodwork, beamed ceilings), a slider to a spacious deck and fenced yard, and an updated kitchen with a dining passthrough. Upstairs offers a front-to-back primary bedroom, two additional rooms, and a half bath all freshly painted. Beautiful hardwood floors throughout. Walk to vibrant Maynard Center; steps to the Assabet River Rail Trail and Assabet River National Wildlife Refuge.
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| Jan 26, 2007 | Sold | ||
| Sold | |||
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