45 Reed 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 |
|---|---|---|---|
| Apr 10, 2024 | Sold | ||
| Sold | |||
| Jan 31, 2024 | In contract | - | |
| In contract | |||
| Jan 21, 2024 | Listed by Coldwell Banker Realty - Beverly | $525,000 | |
| Listed by Coldwell Banker Realty - Beverly | |||
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Terrific opportunity to live in the Centerfield neighborhood of Peabody at a great price point. Situated on a ¼ acre lot this ranch needs some TLC but has solid bones & is the perfect starter home or a great fit for a downsizer looking for one-level living. The cozy and functional layout provides a comfortable living space. The kitchen boasts SS appliances, oak cabinets, and recessed lights. The fireplaced living room is the perfect spot for relaxing. The dining area adjacent to the kitchen leads to a slider that walks out to the large patio. Go down the hallway past the full bath to find three bedrooms. The other side of the kitchen leads to the family room, with natural light & 2nd full bath. The garage space was re-purposed into a storage space and a utility room, which houses the mechanicals. This room could be converted back into a 4th BR. Private side & back yard. Conveniently located near Rtes 128,95 &1, NS Mall, bike path & restaurants.1-yr home warranty included.
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| Oct 1, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017