227 Main 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 |
|---|---|---|---|
| Sep 13, 2018 | Sold | ||
| Sold | |||
| Jun 21, 2018 | Listed by RE/MAX Platinum | $289,000 | |
| Listed by RE/MAX Platinum | |||
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Great value single family home next to the Bourne Community Center and playground. It is a short 5 minute walk to the public path which leads to the Cape Cod Canal. The home had some major updates 12 years ago which included a new roof, windows, oil tank, plumbing system, piping, breaker box/electrical system wiring, and security system. There is a large, enclosed wrap-around porch that borders the entire front of the home, as well of half of the left side of the home. The home is 2.5 stories. The attic is very large and could be converted into a master bedroom, study, or any other kind of room. Will need cosmetics and new carpeting. It is less than one mile from the Bourne Bridge, Buzzards Bay Train Station, and the newly finished Buzzards Bay Park. The property is being sold as is.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017