17 Connell Drive
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 |
|---|---|---|---|
| Mar 31, 2023 | Sold | ||
| Sold | |||
| Feb 1, 2023 | No longer available | - | |
| No longer available | |||
| Dec 15, 2022 | Listed by Jill & Co. Realty Group | $559,900 | |
| Listed by Jill & Co. Realty Group | |||
| | |||
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Rare opportunity to own an Executive Ranch located in a desirable Salem neighborhood with town water & town sewer! This one-level home boasts 2,416 sq. ft. of finished space, 3 beds, and 3 baths. With just some renovations, this home will give you huge equity potential! The main level layout has excellent flow, w/ a large living room at the front of the house w/ numerous sun-beaming windows, an open-concept kitchen and dining room at the center, another living room, & an enclosed porch off the back. The 3 bedrooms are found on the left side of the home, with a full bathroom and a 3/4 bathroom in the primary suite. Additionally, you will find a laundry room and an attached 2- stall garage with tons of overhead space. The finished basement includes a bonus room w/ a wet bar, bedroom, and 3/4 bath - perfect for a teen suite or potential for an in-law! Keep an open mind as a home like this in the desirable Salem can provide you SO much potential!
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| Nov 4, 2022 | Listed by Jill & Co Realty Group | $559,900 | |
| Listed by Jill & Co Realty Group | |||
| Nov 2, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017