407 High Plain 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 |
|---|---|---|---|
| Jan 10, 2022 | Sold | ||
| Sold | |||
| Nov 29, 2021 | Listed by Keller Williams Gateway Realty | $650,000 | |
| Listed by Keller Williams Gateway Realty | |||
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Gorgeous 47,155 sq ft lot with existing home (Cape) constructed circa 1940 at the corner of High Plain Road and High Meadow Road in Andover. Home next door recently sold for approx. $2M. This fantastic property is ready for 5 Star remodel of existing home or new construction after demolition from foundation up. Property is being sold AS IS. Seller will not make any repairs; title 5 inspection failure not repaired as successful buyer will undoubtedly remodel or demolish and build new custom home for resale or personal occupancy; Buyer to repair/replace sewage disposal system subject to renovations or new construction. Buyer to do their own due diligence as seller makes no representations as to the condition of the property. This listing presents a limited opportunity to acquire a phenomenal existing house/lot in a Five Star Andover Neighborhood; Power of Sale in the Will, License to Sell not required. All offers to be emailed to broker along with proof of funds.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017