Lot 4 Chelsea Drive
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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 9, 2006 | Sold | ||
| Sold | |||
| Oct 31, 2005 | Listed by Spinnaker Group | $478,900 | |
| Listed by Spinnaker Group | |||
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SADDLEBROOK ESTATES. SEEKONK'S NEWEST LUXURY HOME SUBDIVISION! 20 NEIGHBORHOOD LOTS WITH SPECTACULAR CUSTOM COLONIAL HOMES TO BE BUILT. 2080 SF - 2828 SF. RANCH MODEL ALSO AVAILABLE. FEATURES INCLUDE HARDWOOD AND TILE FLOORS, WOOD BURNING FIREPLACE WITH MARBLE HEARTH AND SURROUND, ANDERSEN WINDOWS, 2 STORY ENTRY FOYERS, LARGE DECKS, 2 CAR SIDE-ENTRY GARAGE, CUSTOM INTERIOR TRIM. WIDE RANGE OF FLOORPLANS WITH CUSTOM OPTIONS AVAILABLE. PRICED FROM $500s to 650s. (photo facsimile)
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