1
Map
3 Barr 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 |
|---|---|---|---|
| Jun 13, 2014 | Sold | ||
| Sold | |||
| Feb 25, 2014 | Listed by William Raveis R.E. & Home Services | $314,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| May 9, 2011 | Listed by William Raveis R.E. & Home Services | $299,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| Sep 20, 2010 | Listed by William Raveis R.E. & Home Services | $329,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Dream of remodeling a home from the studs out? At this price? Fantastic opportunity to create your ideal home while this property undergoes a gut renovation. New roof, brand new kitchen, new heating system, all new fixtures, refinished oak floors and of course landscaping, paint and finishes. Get in early and direct the process from the beginning and enjoy the sparking finished product. This charming stucco Colonial is just minutes from thriving downtown Salem and the commuter rail.
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| Mar 30, 2001 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017