2 Franklin Terrace
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 |
|---|---|---|---|
| May 21, 2007 | Sold | ||
| Sold | |||
| Mar 22, 2006 | Listed by Barrett, Chris. J., REALTORS® | $325,900 | |
| Listed by Barrett, Chris. J., REALTORS® | |||
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WONDERFUL 1st time Buyers' opportunity to purchase in Melrose Highlands location! Bring decorator's touch to this 8 R, 5 BR, 1 1/2 bath Colonial w/wrap around porch.Original detail of staircase, bull's eye molding, and bow window in DR. Great size EIK has tile floor, all new appliances, & 9 x 4 breakfast area. Many newer windows. Walk up attic to 2 add'l BR w/HW floors-great storage in eaves. NEWER ROOF. NEWER 200 AMP CB. NEW 5 year heating system. NEW front door.
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| Dec 14, 1999 | Sold | ||
| Sold | |||
| Oct 17, 1999 | Listed by Brad Hutchinson Real Estate | $179,900 | |
| Listed by Brad Hutchinson Real Estate | |||
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