221 Walnut St., Lot A
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 14, 2016 | Sold | ||
| Sold | |||
| Mar 24, 2016 | Listed by Coldwell Banker Residential Brokerage - Lynnfield | $199,000 | |
| Listed by Coldwell Banker Residential Brokerage - Lynnfield | |||
| Apr 9, 2010 | Listed by Coldwell Banker Residential Brokerage - Lynnfield | $209,000 | |
| Listed by Coldwell Banker Residential Brokerage - Lynnfield | |||
| | |||
|
Lot "A" is an ANR (approval not required) and is located on a wooded hillside abutting a 15 acre wetland at the rear of the property. Location affords easy access to Boston and North Shore, with close proximity to 2 State Parks. This lot is zoned for single family residence, but can also be built with a legal in-law apartment and is responsible for obtaining all permits and approvals. A GREAT OPPORTUNITY!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017