48 Mill Street
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 31, 2024 | Sold | ||
| Sold | |||
| May 29, 2024 | Listed by Coldwell Banker Realty - Concord | $765,000 | |
| Listed by Coldwell Banker Realty - Concord | |||
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This ranch home could be a tear-down for a builder/contractor or a home project for someone with a vision and who’s willing to put in some elbow grease. While this home needs updating, it is easily livable, and the property offers many desirable features. Sitting on just over 2 acres, this home is perfectly located near major commuting routes, Minuteman High School, Ricci Field, and Katahdin Woods nature preserve. A vast, beautiful, level lawn with many finely manicured flower beds throughout make this lot a perfect setting for a home. The house itself offers a nice floor plan, fireplaced living room, large bright family room with generously sized deck off the back, 1-car garage, and generator hook-up.!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017