23 Heard Drive
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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed by Windhill Realty, LLC | $875,000 | |
| Listed by Windhill Realty, LLC | |||
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Are you looking for a spacious family home to fit everyone? This may be it! Located in one of the most sought after neighborhoods in Ipswich, is this 5 bedroom, 3.5 bath home with a flexible floor plan. The main house has 4 bedrooms and 2.5 baths, including a spacious primary suite. But if you would prefer a first floor suite, that exists too! Hardwood flooring up and down and a big living/family room space with a pellet stove. Town sewer, a short distance from town and the commuter rail, and you can still get a beach sticker for $20. This property can work for multi-generational families, and is a wise investment.
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| Apr 5, 2013 | Sold | ||
| Sold | |||
| Sep 26, 2012 | Listed by Windhill Realty, LLC | $489,900 | |
| Listed by Windhill Realty, LLC | |||
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Address: 335 Madison Avenue, New York, NY 10017