20 Prospect Street
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 10, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 29, 2024 | Relisted | $679,000 | |
| Relisted | |||
| Jul 29, 2024 | Price Increased |
$999,000
↑ $320K
(47.1%) | |
| Price Increased | |||
| May 16, 2024 | Listed by Compass | $1,100,000 | |
| Listed by Compass | |||
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OH MONDAY AUG 5, 12-1:30p & 4p - 6p! Located in downtown Marblehead & all this seaside town has to offer right outside your doorstep, this perfect home is the epitome of easy living! Fully renovated down to the studs, this coastal home is completely turn key. Step right into a prosperous CASH COW investment opportunity grossing over $90,000 for 2023 and boasting a top 5% of all Airbnb homes ranking.The first floor consists of a lovely living room with wet bar, half bath and spotless eat-in kitchen with gas cooking, stainless steel appliances & quartz countertops. Take your dining to the covered deck that overlooks a lovely backyard. Upstairs is the primary suite with built-ins & a beautiful full bathroom. Also on this floor is another bedroom area & laundry. The lowest level is a walkout & features a fireplaced family room. There is an additional building that could be another sleeping space or home office. Central heat and air-conditioning, fully fenced in yard & off-street parking!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017