28654 Silverking Trail
About This Property
The heart of the home is the kitchen, featuring a central island that opens up to a cozy family room. The open floor plan creates a seamless flow, ideal for entertaining and everyday living. Downstairs, a dedicated office space with built-ins provides the perfect setup for working from home. A curved staircase leads you to the upper level, where new carpet adds a fresh touch.
The primary suite is generously sized and offers a luxurious retreat with a separate walk-in shower, soaking tub, dual vanity, and 2 walk-in closets. A cozy loft space upstairs is perfect for reading a book and unwinding, along with the other well-sized bedrooms and another full bathroom.
Outside, the lush, green backyard is a private oasis, perfect for soaking up the sun or enjoying a peaceful evening. Located in a sought-after Saugus neighborhood, this home has a low HOA that offers fantastic amenities, including a picnic area, sports court, green space, pool, and spa. Plus, it's conveniently close to award-winning schools, shopping, and restaurants, making it an ideal place to call home.
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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 8, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Aug 8, 2024 | Listed by Real Brokerage Technologies, Inc. | $895,000 | |
| Listed by Real Brokerage Technologies, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017