27 Jay Kip Way
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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 18, 2024 | Listed by Peoples Broker Realty | $350,000 | |
| Listed by Peoples Broker Realty | |||
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You must see this incredible home that is less than 4 years old. This is the home you have been waiting for that is located on a quiet, dead-end street in a very desirable part of town near the Charlton border and close the the new High School. Property was constructed as a 2-family home. The Town of Southbridge has it listed as a Single-Family Home. Can you do some simple construction work like building a few walls? Then this is the property for your family. You can easily convert one of the Kitchens & Living rooms into two more bedrooms. The septic system was designed & built to accommodate 4 bedrooms so there is plenty of capacity for 2 extra bedrooms. The home is priced way below what it would cost to build a 2,000 square foot, one-level ranch home. Do the math and then come see this incredible opportunity for yourself. All offers must have unpdated pre-approval letter or Proof-of-Funds for cash offers.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017