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48 Spring 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 |
|---|---|---|---|
| Apr 30, 2007 | Sold | ||
| Sold | |||
| Oct 8, 2006 | Listed by ERA Key Realty Services - Boston | $358,000 | |
| Listed by ERA Key Realty Services - Boston | |||
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What an opportunity to own this unique 8rm,4br,2.5ba Colonial with spectacular water views. Perfect in-law set-up or for the extended family (main house 5,3,1.5, bonus space 3/1/1). Recent updates include windows, baths, kitchens, sparkling pine floors, SS appliances, heating(3 zones, 2 newer seperate gas units), hot water, paint, landscaping, porches & more. Fabulous water view from rear porches is a MUST SEE! Located on a quiet side street within walking distance to Edgewater beach.
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| Mar 7, 2002 | Sold | ||
| Sold | |||
| Dec 13, 2001 | Listed by Conway - Quincy | $239,900 | |
| Listed by Conway - Quincy | |||
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LOCATION, LOCATION. WATERVIEW COLONIAL WITH FINISHED WALK OUT BASEMENT. VINYL SIDING, ALL REPLACEMENT WINDOWS, UPDATED KITCHENS. NEEDS A HEATING SYSTEM, SHEETROCK UPSTAIRS, GREAT POTENTIAL. INCLUDES NONBUILDABLE WATERFRONT LOT-33 SPRING ST
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