381 Main Street
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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by Coldwell Banker Realty - Boston | $649,000 | |
| Listed by Coldwell Banker Realty - Boston | |||
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Located just 12 miles north of downtown Boston, this beautifully updated home with a spacious fenced-in yard, in desirable Saugus! This prime address offers easy access to Rt. 1, Breakheart Reservation & minutes away from the bustling downtown areas of Melrose & Wakefield. The home boasts a newer roof & updated interior, including kitchen, updated flooring & newer electrical & plumbing throughout. The main level features a well-designed floor plan with a kitchen & dining area that flows seamlessly into a generous family room, first level bedroom, home office, as well newer full bathroom. Two sizable bedrooms upstairs & new full bath, complete this lovely home. Outside, the screened-in porch, overlooks a large fenced-in backyard, perfect for dog lovers, entertaining family, friends & enjoying meals al fresco. The basement, with high ceilings, offers untapped potential ideal for creating additional living space. This home is move-in ready, while also presents opportunity for expansion.
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| Jul 14, 2023 | Sold | ||
| Sold | |||
| Jun 20, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017