21 Michael 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 |
|---|---|---|---|
| Feb 3, 2026 | Sold | ||
| Sold | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Nov 11, 2025 | Relisted | $480,000 | |
| Relisted | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Sep 29, 2025 | Listed by Keller Williams Realty Evolution | $849,900 | |
| Listed by Keller Williams Realty Evolution | |||
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Sprawling 3-4 bedroom, 3 full bath ranch set on a private lot located in one of Beverly's most desirable neighborhoods. This home features one level living with options for an in-law set up. The bright, open floor plan is enhanced by hardwood floors and 2 fireplaces. There is a primary bedroom with an en suite bath. Sunny, eat-in kitchen with access to the deck above the 2 car garage. The lower level family room has its own entrance and access to the garage. Huge basement for storage and a separate room that could be a home office or a 4th bedroom. Peaceful setting yet convenient to the commuter rail, elementary school, grocery shopping and area restaurants. This property is a hidden gem!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017