28 South Street #304
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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2024 | In contract | - | |
| In contract | |||
| Sep 20, 2024 | Listed by RE/MAX Destiny | $580,000 | |
| Listed by RE/MAX Destiny | |||
Property Highlights
28 South Street #304, Somerville, MA, 02467
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/25/2024
|
2 Bed
|
2 Bath
|
1144 ft²
|
$1,050,000
2 Bed
2 Bath
1144 ft²
|
-
-
|
-
|
Kevin McDermott
RE/MAX Destiny
|
Building Info
