48 Grant 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 |
|---|---|---|---|
| Feb 12, 2025 | Sold | ||
| Sold | |||
| Dec 22, 2024 | In contract | - | |
| In contract | |||
| Dec 12, 2024 | Listed by Jamaica Hill Realty, Inc. | $769,000 | |
| Listed by Jamaica Hill Realty, Inc. | |||
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Lovely 1910 Gambrel-style home in the Olmsted Historic District of seaside Swampscott. Features a welcoming heated porch, original molding, stained glass window, built-in china cabinet, wood floors, fireplace with gas insert. Three bedrooms, 1.5 baths, bonus walk-up insulated attic, two-car garage. The abundant charm and character have been preserved with tasteful updates in the last 6 years: HVAC, plumbing, electrical, roof, gutters, kitchen w/ quartz counters, appliances, baths, interior/exterior paint, EV charger, garage doors, deck, brick patio. 10 minute walk to Commuter Rail. Less than 2 miles to Phillips, Eisman's or Lynn Beach. A truly wonderful space!
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| Apr 6, 2018 | Sold | ||
| Sold | |||
| Nov 14, 2017 | Sold | ||
| Sold | |||
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