40 Burns 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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by RE/MAX Executive Realty | $490,000 | |
| Listed by RE/MAX Executive Realty | |||
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Welcome to 40 Burns Rd, a charming ranch-style home in Marlborough's tranquil Glenn St. neighborhood. This beautifully refreshed residence boasts three bedrooms and one bath, showcasing a move-in ready interior with freshly painted walls and newly refinished hardwood flooring throughout the living room and bedrooms. This home also offers newer stainless steel appliances in the kitchen, central heat, air conditioning, and a basement with excellent potential for expansion, providing an opportunity for additional living space. Outside, a spacious deck is the perfect setting for morning coffees or gatherings with friends, overlooking a leveled and private yard with beautiful blooming perennials. Within short distance to the elementary school, the well-known AMSA high school, the new Lake Williams Boardwalk, The Apex Center, 2 minutes to Rt 495, and only about a 5-minute drive to Masspike and Rt 290. Showings start at Open House Saturday and Sunday, July 20th and 21st, 12-2pm.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017