53 Southgate 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 |
|---|---|---|---|
| Jul 24, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed | $659,000 | |
| Listed | |||
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Spacious, move-in ready Colonial set on a nearly 1-acre fenced lot in a desirable Franklin neighborhood! Excellent layout with an open kitchen to dining area on the first floor along with bonus living room, front-to-back family room, full bathroom, and screened-in porch perfect for outdoor dining or a future home office/playroom addition. Upstairs offers 4 generously sized bedrooms and renovated full bath. Additional features include: 752 sf finish-able basement, attached 1.5 car garage, patio, gas heat, gas cooking, town water/sewer, new roof (2021), 200 amp electrical service, double-pane windows through out, water heater (2025), boiler (2006), new back slider, new fridge, new microwave, and new laundry machines (washer 2023, dryer 2025). LOCATION: Just minutes to Downtown Franklin, High School, various Athletic Fields, and highway i-495. 10 minutes or less to various other shoppes, plazas, grocery stores, golf, etc.
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| Mar 17, 2020 | Sold | ||
| Sold | |||
| Jan 2, 2020 | Listed by Carey Realty Group, Inc. | $449,000 | |
| Listed by Carey Realty Group, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017