49 Summit 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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 7, 2024 | Listed by Cameron Real Estate Group | $529,900 | |
| Listed by Cameron Real Estate Group | |||
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Here's your chance to get into the beautiful town of Salem! This charming ranch has wonderful curb appeal with its new stone walkway and entry stairs. Upon entry you'll notice the ease of living with the efficient layout. On the first floor you'll find 2 bedrooms, a full bath, kitchen, living and dining room. Off the kitchen area you'll find a 4-season porch that leads out to your private backyard. Outside there's a matching shed perfect for storage as well as plenty of outdoor space for the kids or just to relax with a book and a glass of lemonade. The basement is finished with ample room and would make an ideal entertaining area with the built in bar.
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| Jun 30, 1992 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017