18 Massasoit 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 |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by Sotheby's International Realty | $558,000 | |
| Listed by Sotheby's International Realty | |||
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Location and OPPORTUNITY! Just few houses away from Great Bay, 3/10 mile to the ocean beach, boat ramp just a few streets away, AND a solid rental history. Walk 4 houses down to the path to Great Bay. Enjoy water views of Little Pond from your front yard. This cozy 2 bedroom/1 bath charmer is ready!NEW roof, cedar shingles, composite decking and stairs, bay window(s) and landscaping in 2020 make this small but Mighty. New outdoor shower and new dishwasher as well. This is a GREAT opportunity for immediate income generation or for a walk-to the beach get-away! Buyer to assume sewer betterment. Buyer/agents to verify all information herein, Showings 11:30-3:45 on 8/25 due to rental change over.
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| Aug 30, 2019 | Sold | ||
| Sold | |||
| Jan 13, 2017 | Sold | ||
| Sold | |||
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