3 Lobao Drive
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 |
|---|---|---|---|
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Apr 21, 2024 | In contract | - | |
| In contract | |||
| Apr 8, 2024 | Listed by J. Barrett & Company | $899,999 | |
| Listed by J. Barrett & Company | |||
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Fantastic opportunity to own in the "highly desirable" SJP area of Danvers. Beautiful Colonial located in very close proximity to the newly built 60M+ dollar Smith School grades 1-5 and well-known St, John's Prep grades 6-12. Nothing to do here but enjoy, the main floor boasts a clean, crisp, bright kitchen w/all stainless-steel appliances and gorgeous white cabinets w/Calcutta Ultra Quartz countertops. Sit at the large peninsula overlooking the sun filled dining area w/huge bay window. On the same floor is a 1/2 bath and a wonderful "Up North" room covered in beautiful Knotty Pine walls, hardwood flooring, another large bay window and brick fireplace. A 4-season room w/vaulted ceiling overlooking a huge, beautiful deck and backyard is off the kitchen. Upstairs you will find gleaming hardwood throughout, a nice guest full bath and a tremendous main bath w/huge shower stall and plenty of closet space.
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| Jan 19, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017