38 Walnut 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 |
|---|---|---|---|
| Apr 9, 2024 | Sold | ||
| Sold | |||
| Mar 14, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Listed by Keller Williams Realty - Merrimack | $540,000 | |
| Listed by Keller Williams Realty - Merrimack | |||
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Location, Location, location!! The Cape Cod style home has had only 1 owner. It is located in one of the most desirable areas of Chelmsford. It is situated on over a half of an acre. Some TLC will go a long wag to building instant equity. The first floor features an "L" shaped living room, which can be modified to add a third bedroom. Hardwood floor in the dining room. The kitchen and half bath completes the first floor. The second floor features 2 bedrooms and a full bathroom. Plenty of extra storage in the eves. Three season Cape Cod Door porch has screens for enjoyment in the summer and windows for extended use in the spring and fall.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017