22 Memorial Drive
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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 |
|---|---|---|---|
| Aug 28, 2020 | Sold | ||
| Sold | |||
| Jul 8, 2020 | Listed by Sterling Stone R. E., Inc. | $699,900 | |
| Listed by Sterling Stone R. E., Inc. | |||
| | |||
|
Salem by the sea.....New listing ! Steps to Ocean, Salem Willows, Winter Island Park and downtown Salem. Contemporary style colonial custom built 15 years ago. Four bedroom's, three baths, Hardwood flooring throughout. Open floor plan, oversized windows. First floor bedroom and bath. Ultra modern kitchen with granite and stainless steel appliance's, wall oven and five foot wide refrigerator. 20x9 sunroom that leads out to a 24.5 x10.5 deck looking out over nice big flat yard. Plenty of storage as well as closet space. Additional amenities include central air, gas fireplace and Jacuzzi in master ensuite. Oversized two car garage with three doors. Nice clean huge basement with high ceiling's.
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| Mar 8, 2020 | No longer available | - | |
| No longer available | |||
| Jan 24, 2020 | Price Decreased |
$769,900
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Jan 23, 2020 | Relisted | $774,900 | |
| Relisted | |||
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