Rare opportunity in one of Marblehead's most beloved coastal
enclaves, the Clifton Heights neighborhood. This four bedroom, 2.5
bath Nantucket-style home sits on an expansive, well manicured
third of an acre on a quiet street, close to the rocky
shoreline and floating dock. The first floor offers a formal
dining room with a built-in china cabinet, living room with a stone
fireplace, a sunroom with vaulted wood paneled ceiling and French
doors to the wraparound deck, plus a kitchen, den/dining area, and
home office/study, with detailed woodwork inside and out. The
primary suite upstairs includes its own bath, laundry, and two
closets, joined by three more bedrooms and a full hall bath. A
detached two-car garage, pull down attic and full basement provide
abundant storage. Outside, enjoy the large private backyard
and covered back porch offering a dry spot to sit out a summer
storm. Join year round community life at the neighborhood
green, a pond, and floating dock, plus holiday celebrations that
have defined the neighborhood for generations.
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.
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