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28 Gardner St
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 13, 2015 | Sold | ||
| Sold | |||
| Feb 8, 2015 | Listed by Keller Williams Realty Evolution | $305,000 | |
| Listed by Keller Williams Realty Evolution | |||
| Jun 17, 2013 | Sold | ||
| Sold | |||
| Aug 28, 2012 | Listed by Lamacchia Realty, Inc. | $269,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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Just renovated south Salem antique, short walk to downtown, the T to Boston, and all that Salem has to offer. New kitchen with granite counters and new stainless appliances including 5 burner range. Original, refinished hardwood floors in most rooms. Small easily managed yard, parking for 2, and a 3 season porch. New fully gut renovated bathroom with hard wood floors and slate tub surround. New windows, crown molding, recessed lighting. Many period details.
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| Aug 23, 2011 | Sold | ||
| Sold | |||
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