40 Newcomb Avenue
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 |
|---|---|---|---|
| Jun 26, 2014 | Sold | ||
| Sold | |||
| Apr 7, 2014 | Listed by Chinatti Realty Group, Inc. | $339,900 | |
| Listed by Chinatti Realty Group, Inc. | |||
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***Showings begin at Open House Sunday 4/13 12-2*** NOT A THING TO DO in this beautifully renovated and meticulously maintained 2 bedroom ranch. Many updates include remodeled eat-in kitchen with newer cabinets, appliances, granite and ceramic tile floor - all done in 2005, fireplaced living room with hardwood floors, ceramic tile bath done in 2005, 4 season porch leading out to back deck, replacement windows, freshly painted interior, 6 year old roof, central air, security system, updated electrical, 1 car attached garage, finished, walk-out basement, perfect for entertaining, complete with kitchenette, private yard, newer patio, above ground pool, located on side street in desirable Lynnhurst neighborhood, close to public transportation. Just unpack your bags and move right in! Land is in both Saugus and Lynn therefore two tax bills.
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| Apr 24, 2003 | Sold | ||
| Sold | |||
| Jan 21, 2003 | Listed by Carpenito Real Estate, Inc. | $259,900 | |
| Listed by Carpenito Real Estate, Inc. | |||
| Sep 11, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017