20 Colby 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 |
|---|---|---|---|
| Jun 10, 2024 | Sold | ||
| Sold | |||
| Apr 24, 2024 | Listed by Lamacchia Realty, Inc. | $779,998 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
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This is THE ONE! Ready to entertain all summer long and retreat back to a 3 bedroom, 1 bathroom beautifully updated ranch in Danvers? This home is equipped with a low maintenance, HEATED in-ground SALT WATER pool, outdoor covered kitchen with stainless steel appliances & bar seating AND a volleyball court! Inside, the updates are impressive! You are greeted by a gorgeous stone fireplace upon entry with sightlines over the kitchen island into the picturesque chefs kitchen where you will love entertaining and prepping meals. Offering stainless steel appliances, ample storage, pendant lighting over the island, 2 tone cabinets and MORE! The living room offers gleaming hardwoods with access to the oasis out back. Easy accessible laundry! Down the hall, 3 spacious bedrooms and an updated bath finish off this fabulous home! New boiler (2/24) and renovated hardwood floors (4/24)! Come and see this before it’s too late!
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| Feb 27, 2015 | Sold | ||
| Sold | |||
| Oct 21, 2014 | Listed by Lamacchia Realty, Inc. | $369,000 | |
| Listed by Lamacchia Realty, Inc. | |||
| Apr 22, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017