5 Merriam 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 |
|---|---|---|---|
| Apr 22, 2022 | Sold | ||
| Sold | |||
| Mar 4, 2022 | Listed by Compass | $599,000 | |
| Listed by Compass | |||
| Oct 15, 2018 | Sold | ||
| Sold | |||
| Sep 19, 2018 | No longer available | - | |
| No longer available | |||
| Aug 22, 2018 | Listed | $378,000 | |
| Listed | |||
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The buyer got cold feet so you have another opportunity on this great full basement ranch. Seller will consider up to a $3,000 closing cost credit. Seller is downsizing after nearly 50 years of loving this home. Bring your imagination and some sweat equity and transform this into a home you will enjoy for years to come. This home has been incredibly well maintained and has many great features from the large nicely landscaped yard with patio, to the three season porch off the back, and attached one car garage. A few of the bigger items have been updated; electric panel (with hard-wired generator hookup), furnace, hot water tank, sub pump (with battery back up) and roof. Home is located in a North Framingham neighborhood with easy access to commuter routes and shopping nearby. So much to offer in this property. The seller can accommodate a quick closing! The manager has listed the unit size as 1400 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017