5 Rand Road
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 |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $739,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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Welcome to Rand Street in the highly sought after Kernwood area of Salem. This extra-large classic cape with garage is located on a quiet cul-de-sac. A charming 3-bedroom, 1.5 bath home features spacious bedrooms, ceiling fans along with a balcony overlooking the back yard. The fireplace, and gleaming hardwood floors add to the charm of this home. Enclosed sunroom with classic flagstone flooring on first level. This home boasts one-of-a-kind design elements with built in shelves and drawers providing a unique style. Enjoy the large backyard with mature landscaping where you can view the 10th green of Kernwood Country Club, while enjoying a serene and picturesque setting. Great yard for entertaining. Newly installed roof and gutters (1 year old). Huge unfinished basement with high ceilings and plenty of potential. Public transportation, and historic downtown minutes away. Open house Saturday, September 14th 12-2 and Sunday September 15th 11-1.
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| Oct 31, 2012 | Sold | ||
| Sold | |||
| Sep 24, 2012 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $375,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017