25 Louis 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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Nov 9, 2024 | Listed by Susan Mazzola | $769,900 | |
| Listed by Susan Mazzola | |||
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Home for the Holidays! Beautiful established neighborhood. Convenient location 20 miles from Boston, 11 minutes from Salem Train Station, Beach 5 miles. Near Nature preserves (Daniel Terrace Conservation Area, Rockaway Conservation Area), and Raddin Park. 4 Bedroom, 2 car garage, fenced in backyard. New Furnace/Boiler System and Water Heater installed 2023. Two new Air Conditioner condensers. Security System, Irrigation System. Spacious storage over garage. Sale is contingent upon Tax Release from the Commonwealth of Massachusetts. (Estimated 3-10 days).
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| Oct 2, 2002 | Sold | ||
| Sold | |||
| Jun 27, 1994 | Sold | ||
| Sold | |||
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