2 Millett Road
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Cap Rate Calculator
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 6, 2008 | Sold | ||
| Sold | |||
| Aug 28, 2007 | Listed by MGR Global Realty, Inc. | $219,900 | |
| Listed by MGR Global Realty, Inc. | |||
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Walk across the street to the beach! Exceptional location for the beach lover without having the taxes of living on the beach. In the heart of the area of sought after Swampscott! Home needs updating but can be lived in while doing so. A must see property as a primary or second home!
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| Mar 28, 1996 | Sold | ||
| Sold | |||
| Sep 5, 1995 | Listed | $162,000 | |
| Listed | |||
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