1
Map
16 Merrill Road #0
About This Property
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Cap Rate Calculator
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 29, 2009 | Sold | ||
| Sold | |||
| Apr 28, 2009 | Listed | $319,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/28/2009
| |
2 Bed
|
3 Bath
|
2000 ft²
|
$319,000
2 Bed
3 Bath
2000 ft²
|
$309,500
-2.98%
10/29/2009
|
Pamela Lane
Coldwell Banker Realty - Marblehead
|
|
10/12/2004
|
2 Bed
|
1 Bath
|
1558 ft²
|
$384,900
2 Bed
1 Bath
1558 ft²
|
$378,000
-1.79%
04/08/2005
|
Jane Legon
Carlson GMAC Real Estate
|
Building Info
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