1616 Main
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 |
|---|---|---|---|
| Jan 27, 2021 | No longer available | - | |
| No longer available | |||
| Nov 7, 2020 | Relisted | $675,000 | |
| Relisted | |||
| Nov 6, 2020 | No longer available | - | |
| No longer available | |||
| Sep 23, 2020 | Listed | $829,000 | |
| Listed | |||
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Beautifully restored 'Mercy Grinnell House,' c. 1890, overlooking the Sakonnet River in Tiverton's Stone Bridge neighborhood. Modern amenities, which include updated kitchen with granite countertops and Wolf stove, radiant heating in kitchen and dining area, and recently updated roof, wiring, plumbing, and baths, complement historic details. Enjoy gorgeous sunsets and water views. Sited on 1.37 acres close to Tiverton Yacht Club, Four Corners and Route 24. The manager has listed the unit size as 3622 square feet.
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| Apr 10, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017