38 Old Salem Rd
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 |
|---|---|---|---|
| Oct 21, 2024 | Sold | ||
| Sold | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 20, 2024 | Listed by Lyv Realty | $899,995 | |
| Listed by Lyv Realty | |||
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Welcome to this updated move-in ready 3-bedroom, 2.5-bath home in the scenic seaside town of Marblehead. Tastefully done, this home blends modern style with everyday comfort. The white kitchen features new quartz counters & island seating & leads to dining, living, & bonus rooms all with hardwood floors. Hardwood floors continue upstair to the primary en suite with large walk-in closet & updated bath while the 2 additional bedrooms have large walk in closets - one of the bedrooms even connects to the main bathroom creating another en-suite! The 2nd floor also features a fantastic office/homework area. The lower level can easily be finished for more space. Outside, enjoy the paver driveway, patio area, & large yard. Located in a fantastic neighborhood, just under a mile from the beach & marinas & with easy access to the commuter rail & downtown Marblehead & Salem, this home invites you to experience the charm & beauty this area has to offer! A one year home warranty is included!
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| Feb 23, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017