28 Monroe 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 25, 2024 | Sold | ||
| Sold | |||
| Sep 11, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Advisors Living - Tewksbury | $569,900 | |
| Listed by Advisors Living - Tewksbury | |||
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Charming Cape nestled in a serene neighborhood, offering a perfect blend of comfort and convenience! This home features hardwood floors throughout most of the living areas. The cozy fireplaced living room is perfect for gatherings, while the dining room flows into the fully-applianced kitchen, which leads to a cozy mudroom. The first floor also boasts a spacious bedroom and a convenient half bath. Upstairs, you'll find two additional well-sized bedrooms and a full bath. The outdoor space is a true retreat, with a lovely patio—ideal for relaxing. A river flows in from Salem Harbor, winding its way to a serene salt marsh right in front of the house, providing stunning views all year round. Located just steps from Pickman Park, with easy access to the Salem Rail Trail for outdoor enthusiasts. Don't miss this opportunity to own a home in such a desirable location!
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| Jan 1, 1970 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017