24 Nonantum Road
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 10, 2016 | Sold | ||
| Sold | |||
| Jun 28, 2016 | Listed by Coldwell Banker Realty - Marblehead | $400,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
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Rare opportunity to renovate this 5 room, 2 bedroom, 1 and ¾ bath waterfront cottage on Salem Harbor. Enjoy the captivating views of the harbor from your private patio and spacious deck. This home requires significant renovation and is offered in “as is” condition. This unique property will reward the enterprising buyer with an outstanding waterfront home for years to come! Bessom Associates, Inc. (BAI) is a cooperative and must approve the new buyers. This home is located in a very quiet and secluded neighborhood of 31 homes that comprise the Bessom Associates Waterfront community. The $450 annual HOA fee includes $300 for maintenance and $150 for insurance.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017