20-24 Rush
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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 15, 2018 | Sold | ||
| Sold | |||
| Mar 24, 2018 | Listed by Coldwell Banker Realty - Cambridge | $2,000,000 | |
| Listed by Coldwell Banker Realty - Cambridge | |||
| | |||
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**DEVELOPERS OPPORTUNITY** Build to Suit - The owners currently approved to input - 10 total units, 8,959 sqft. building, 14 bedrooms 19 bathrooms - 10 full 9 half. Bathrooms. Buyer is responsible for remaining construction plans and building permits from the Town of Somerville. Buyers must perform all due diligence. Please see attached Plot and Building Plans and Conditions Notice.
| |||
| Apr 1, 2004 | Sold | ||
| Sold | |||
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About East Somerville
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