20 Planters
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 21, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed | $579,900 | |
| Listed | |||
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On the far end of a quiet, one way street in the desirable Collins Cove neighborhood, this 3-bedroom, 1 bath home is close to all Salem has to offer. The home recently had a full restoration, including newer stainless-steel appliances, recessed lighting, and ample cabinetry in the eat-in kitchen. Hardwood flooring throughout. One bedroom is conveniently located on the first floor while two bedrooms with generous closets are on the second. The home has an efficient ductless HVAC system for heat and air conditioning. Enjoy the quiet neighborhood from the front to back porch and a private yard with garden beds and a magnolia tree. Plenty of clean, dry storage in the basement. Convenient to the MBTA commuter rail, Collins Cove playground, the Common, and Salem Willows. Now vacant and easy to show!
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| Oct 26, 2020 | Sold | ||
| Sold | |||
| Aug 14, 2020 | Listed by Danvers Real Estate | $369,000 | |
| Listed by Danvers Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017