48 Joffre St
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 29, 2016 | Sold | ||
| Sold | |||
| May 16, 2016 | Listed by LAER Realty Partners | $232,999 | |
| Listed by LAER Realty Partners | |||
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Come and see this well maintained two bedroom ranch in the Highland area of Lowell. Has a brand new stainless steel stove, good size lot, huge newer deck, house is wired for a full house generator, water heater is only a couple of years old, newer roof, updated electrical, gas heating, a beautiful wood burning fireplace and new paint throughout. Many upgrades has been made to this house. Also, has a partial finished walk out basement perfect for an in-law suite or a man cave. Basement has a full bathroom and a full kitchen, 1 guest bedroom and a living room. (And Yes, permits were pulled for the renovation of the basement!) Close to route 3 and 495! This house is a must see!!
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| Aug 30, 2004 | Sold | ||
| Sold | |||
| May 19, 2004 | Listed by Keller Williams Realty-Merrimack | $235,000 | |
| Listed by Keller Williams Realty-Merrimack | |||
| Sep 9, 1994 | Sold | ||
| Sold | |||
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