22 Spring St
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 |
|---|---|---|---|
| Aug 4, 2009 | Sold | ||
| Sold | |||
| Apr 4, 2008 | Listed by eXp Realty | $295,000 | |
| Listed by eXp Realty | |||
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One of a kind 2 acre wooded lot with privacy & open space. Walk to everything including downtown Ipswich,shopping, restaurants, boat ramp and commuter rail to Boston. Two lots removed from Daniel Boone & Dow Parks. All utilities available and requires sewer to be extended 500+/- feet to property. Restricted covenants and view easements to be recorded with deed. Minutes to Crane's Beach and Little Neck.
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| Jul 24, 2007 | Sold | ||
| Sold | |||
| Mar 30, 2007 | Listed | $995,000 | |
| Listed | |||
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