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1A+55 Myrick & Toronita Ave
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 |
|---|---|---|---|
| Jan 18, 2007 | Sold | ||
| Sold | |||
| Nov 1, 2006 | Listed by Emerson REALTORS® | $220,000 | |
| Listed by Emerson REALTORS® | |||
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Builders' Delight - Possible 3 single family home lots - meets City of Worcester zoning for frontage and area. Two separate parcels - Myrick (11,250 sq.ft) with sewer in street... and Toronita (18,000 sq.ft.) with frontage also on Luther Avenue with no public sewer on either street. Both parcels being sold as one package. Land is being sold "as is". Can be purchased with SF house 70483981 for possible extra lot.
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