2 Forest Ave
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 |
|---|---|---|---|
| Jul 17, 2020 | Sold | ||
| Sold | |||
| May 13, 2020 | Listed by Keller Williams Realty Boston Northwest | $475,000 | |
| Listed by Keller Williams Realty Boston Northwest | |||
| | |||
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Character and Charm! You won't want to miss this stunning South Salem colonial, just steps from Forest River Park, Salem State University, and all downtown Salem has to offer. This charming home boasts two fireplaces, including a marble fireplace mantle in the living room, original woodwork and built-ins, a stained glass window, and lots of natural light. Underneath the carpets, the hardwood floors are just waiting to be uncovered and return to their original shine! There's plenty of room with four generously sized bedrooms, included master with en suite bath, and two semi-finished rooms on the third floor. Ocean breezes keep the house cool in the summer, and there's off street parking and a detached garage. Don't miss your chance to make your dream home a reality in historic Salem!
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| Mar 25, 2020 | No longer available | - | |
| No longer available | |||
| Mar 11, 2020 | Listed by Keller Williams Realty Evolution | $475,000 | |
| Listed by Keller Williams Realty Evolution | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017