16 Ropes St
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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | Listed by LAER Realty Partners | $674,900 | |
| Listed by LAER Realty Partners | |||
| | |||
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Welcome to your dream home in the heart of Salem! This single-family ranch has been completely renovated in 2019. With 3 beds and 2 baths, this home provides ample room for comfortable living.There is potential for a kitchenette area in the basement making the space perfect for multigenerational living.Situated in a prime location, this property boasts the convenience of easy access to the train station and Salem ferry, making commuting a breeze. Imagine the joy of living downtown while still enjoying the perks of single-family home living - no HOA fees, a generous yard space for outdoor activities, and plenty of parking including garage space. Whether you're looking to relax in the tranquility of your own home or explore the vibrant city life, this residence offers the best of both worlds. Don't miss out on this incredible opportunity to own a piece of Salem's charm with all the conveniences at your doorstep.
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| Mar 19, 2019 | Sold | ||
| Sold | |||
| Oct 24, 2018 | Listed by LAER Realty Partners | $499,700 | |
| Listed by LAER Realty Partners | |||
| Feb 26, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017