Lovely, private unit at end of building, with great views off
balcony, located on desirable 2nd floor. Interior has been freshly
painted, has a young furnace, newly serviced and updated AC unit,
young refrigerator and microwave and stacked washer and dryer. All
rooms are generously proportioned. Nice social opportunities,
weekly bingos and Sunday Socials, game room, pool table, ping pong,
exercise room, hair salon, in addition to pool and tennis courts.
Unit Size
977 Ft²
Days on Market
-
Land Size
-
Price per sqft
$210
Property Type
Condo
Property Taxes
$175
HOA Dues
$233
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range
HOA/Condo/Coop Amenities: Pool, Elevator(s), Fitness Center, Clubroom, Storage
Association Fee Frequency: Monthly
HOA Fee: $233
Community Features: Public Transportation, Pool, Tennis Court(s), Highway Access
Complex is Completed
Management: Professional - Off Site
45 Christopher
#128,
Methuen, MA,
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