Lot 42 Michael Sears Road
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 |
|---|---|---|---|
| Dec 20, 2023 | Sold | ||
| Sold | |||
| Nov 10, 2023 | In contract | - | |
| In contract | |||
| Apr 4, 2023 | Listed by Berkshire Hathaway HomeServices Realty Professionals | $48,000 | |
| Listed by Berkshire Hathaway HomeServices Realty Professionals | |||
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Look no further! Build your dream home on this wonderful 3.5 acre lot on the south end of Belchertown and close to the MA Pike. A perc test is in hand that was done in 1993. The end of the lot abutts Jabish Brook. Don't miss out. Priced to sell!! This lot is on the Michael Sears side closer to Eugene Drive, across house #455
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| Jan 1, 2023 | No longer available | - | |
| No longer available | |||
| Mar 26, 2022 | Listed by Berkshire Hathaway HomeServices Realty Professionals | $50,000 | |
| Listed by Berkshire Hathaway HomeServices Realty Professionals | |||
| | |||
|
Look no further! Build your dream home on this wonderful 3.5 acre lot on the south end of Belchertown and close to the MA Pike. A perc test is in hand that was done in 1993. The end of the lot abutts Jabish Brook. Don't miss out. Priced to sell!! This lot is on the Michael Sears side closer to Eugene Drive, across house #455
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