48 Riverbank 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 |
|---|---|---|---|
| Jun 4, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | Listed by Barrett, Chris. J., REALTORS® | $499,900 | |
| Listed by Barrett, Chris. J., REALTORS® | |||
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Picture book 1940 Cape Cod just waiting to be made into your own. 1st floor features 4 rooms including a formal dining room with original china cabinet and newer bay window overlooking back yard. Front entry foyer with closet opens into the living room with mini split AC unit. Nicely elevated Jalousie enclosed porch with neighborhood views great for summer evenings. 2nd floor with 2 bedrooms, oak floors and ample closet space. Lower level includes paneled game room and 1/2 bath. All this in close proximity to downtown Saugus with its shops and restaurants.
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| Jun 28, 1988 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017