48 Bushnell 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 |
|---|---|---|---|
| Jul 7, 2023 | Sold | ||
| Sold | |||
| May 13, 2023 | In contract | - | |
| In contract | |||
| Mar 7, 2023 | Listed by Walker Thomas LLC | $260,000 | |
| Listed by Walker Thomas LLC | |||
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This could be your summer project! The location can't be beat - near Wells State Park in one of the most quiet areas in Sturbridge. For you, this could be your dream home with some TLC. As an investment, the completed home won't last a moment on the market when it's time to sell. The home boasts a large flat lot, garages for up to six cars, a private back yard abutting horse paddocks, and a truly serene and quiet setting. The bones are strong but the home needs some problems solved, including installing a septic system close to wetlands (may require a tight tank), and significant renovations. There is no power or water to the site. Sold as-is, cash only. We will not sell subject to a Title V. If you're up for a project, don't miss this one! Showings scheduled with cash buyers only!
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| Feb 5, 2021 | Sold | ||
| Sold | |||
| Nov 18, 2013 | Sold | ||
| Sold | |||
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