55 Cherry 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 |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Nov 21, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Listed by Leading Edge Real Estate | $549,000 | |
| Listed by Leading Edge Real Estate | |||
| | |||
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Cute-as-a-button 2-bedroom cottage in Malden’s sought-after Forestdale neighborhood—the Melrose alternative for savvy buyers seeking more value for their investment. This delightful home features an open, airy layout with hardwood floors throughout and central A/C! The sun splashed, spacious, eat-in kitchen flows effortlessly into the living areas, perfect for entertaining or relaxing. Plenty of basement storage, a cute backyard with a sprinkler system, and a one-car garage round out this lovely package. Note: one bedroom is sans closet—let’s call it “minimalist.” Washer and dryer are gifts to the buyer. Ideal condo alternative in a fantastic location—don’t miss this one!
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| Nov 1, 2007 | Sold | ||
| Sold | |||
| Sep 14, 2007 | Listed by Leading Edge Real Estate | $279,900 | |
| Listed by Leading Edge Real Estate | |||
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