353 Andover
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 |
|---|---|---|---|
| May 18, 2022 | Sold | ||
| Sold | |||
| Jan 7, 2021 | Listed by LAER Realty Partners | $275,000 | |
| Listed by LAER Realty Partners | |||
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Attention developers and builders, rare opportunity in Danvers to build in a great convenient location. Most likely existing structure will need to be removed. Foundation is approximately 36x24. Please do not enter the property. Zoning is R3. Please only cash offers, financing will not be accepted.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017