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Lot 0+206 Merrimac Ave.
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 30, 2010 | Sold | ||
| Sold | |||
| Mar 15, 2010 | Listed by Landmark, REALTORS® | $120,000 | |
| Listed by Landmark, REALTORS® | |||
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Lovely charming home with lots of hardwood, LR w/ornamental fireplace, formal dining rm, kitchen with pantry rm and addt'l builtins for ironing board, sunporch right off kitchen with pass through currently used as the den and breakfast dining area, newer stove along with all appliances to remain for buyer's enjoyment, addt'l land sold together with home makes a lovely sized yard, two car garage a plus and central air wow!! Home Warranty Included!!
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