3 Old Derry 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 |
|---|---|---|---|
| Aug 27, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by BHHS Verani Realty Methuen | $500,000 | |
| Listed by BHHS Verani Realty Methuen | |||
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If privacy, a place to play and a place to grow is what you are looking for then 3 Old Derry Road in beautiful Salem, NH is ready for you! Offering 3 beds plus a bonus room you will love the open concept living, dining and kitchen space. Living room has hardwood floors that span the majority of the first floor, a cozy fireplace and coat closet. Kitchen is adorable with knotty pine cabinetry, tile flooring and access to your large side deck. Main level also has two bedrooms & full bathroom. Upstairs is the primary bedroom with walk in closet. There is a second room that is flexible and could be a great bedroom, office or an extension of the primary bedroom. Half bath completes this space. This home has a new roof & has been freshly painted from top to bottom. Large yard for play, cul de sac location, close to Rt 111 and minutes to 93, the beach, shopping & dining. One car under garage, large walk out basement w/space for storage & a room that will shine after a little creativity.
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| Jun 14, 2017 | Sold | ||
| Sold | |||
| May 9, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017