187 Main 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 |
|---|---|---|---|
| Nov 14, 2023 | Sold | ||
| Sold | |||
| Jul 16, 2023 | In contract | - | |
| In contract | |||
| Jul 10, 2023 | Listed by Better Living Real Estate, LLC | $325,000 | |
| Listed by Better Living Real Estate, LLC | |||
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This primarily level & rectangular lot is raised several feet from Main Street & sidewalk with a stone masonry retaining wall & gently sloped driveway. This lot had a house with town water & private sewer servicing a 3 bedroom home. The house has been demolished & removed, but the old septic & gray water systems remain on the property. These existing private sewer systems may not be able to be reused with a newly built home, and the buyer is advised to consult a civil engineer, architect & builder on new final construction costs for their desired home. The land at the rear (northerly) & right side (easterly) is owned by the Town of Foxborough. The lot can be purchased separately or as part of a DESIGN/BUILD package to have the entire project, from purchase of the land to the design & new construction, organized & managed for you as a turn-key process. Separate estimate for the Design & Construction of a New Home is based on the buyer's needs, final house plan & square footage of home.
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| Jan 31, 2020 | Sold | ||
| Sold | |||
| Sep 3, 2019 | Listed by Better Living Real Estate, LLC | $249,900 | |
| Listed by Better Living Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017