47 Merrymount 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 |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2024 | In contract | - | |
| In contract | |||
| Nov 1, 2024 | Listed by RE/MAX Realty Pros | $729,000 | |
| Listed by RE/MAX Realty Pros | |||
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This classic 8 room, 4 bedroom Colonial located in a highly sought-after location is just waiting for your ideas and inspiration. Ideally situated in the heart of the city on a quiet side street close to everything. Walk to T, the new vibrant Quincy Center, Central Middle School and Merrymount Park. This lovely home with great bones features gleaming hardwood floors, open concept living room/dining room, expansion potential in the walk-up attic, detached garage and a nice front porch for sitting and taking in the alluring view of Butler's Pond. Don't miss this opportunity to live in a desirable neighborhood where any improvements will make your investment a true winner.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017