2 Longfellow Road
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 |
|---|---|---|---|
| Sep 30, 2015 | Sold | ||
| Sold | |||
| Jul 7, 2015 | Listed by Atlantic Coast Homes,Inc | $439,900 | |
| Listed by Atlantic Coast Homes,Inc | |||
| Sep 11, 2013 | Sold | ||
| Sold | |||
| Jul 11, 2013 | Listed by Atlantic Coast Homes,Inc | $199,900 | |
| Listed by Atlantic Coast Homes,Inc | |||
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Large lot of over one and one-quarter acres. Golden opportunity to get into a great area around the corner from Pleasant Pond. Great project for investors/contractors. House needs heavy renovation but well worth the sweat equity for the right Buyer. Country setting yet minutes to rtes. 1A, 128, 1, 95 and commuter rail station in Hamilton. Pond is stocked with fish from Mass Dept of Wildlife. Enjoy canoeing, fishing, boating, swimming, etc. Use of Pleasant Pond for Hamilton and Wenham residents. Septic upgraded in 1995. Passed Title V. Home is presently occupied. Sold as-is.
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