55-57 South St #3
About This Property
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 25, 2024 | Sold | ||
| Sold | |||
| Dec 15, 2023 | In contract | - | |
| In contract | |||
| Dec 6, 2023 | Listed by Popular Properties Realty,Inc. | $275,000 | |
| Listed by Popular Properties Realty,Inc. | |||
Property Highlights
55-57 South St #3, Lynn, MA, 01905
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
12/06/2023
|
2 Bed
|
1 Bath
|
765 ft²
|
$275,000
2 Bed
1 Bath
765 ft²
|
$280,000
+1.82%
01/25/2024
|
-
|
Samuel Saillant
United Brokers
| |
|
06/11/2020
|
2 Bed
|
1 Bath
|
765 ft²
|
$199,999
2 Bed
1 Bath
765 ft²
|
$210,000
+5.00%
10/27/2020
|
-
|
Samuel Saillant
United Brokers
| |
|
02/11/2020
|
2 Bed
|
1 Bath
|
765 ft²
|
$165,000
2 Bed
1 Bath
765 ft²
|
$167,000
+1.21%
04/24/2020
|
-
|
James McKenna
Century 21 Wellsco
| |
|
10/16/2012
|
2 Bed
|
1 Bath
|
765 ft²
|
$89,000
2 Bed
1 Bath
765 ft²
|
$85,000
-4.49%
12/12/2013
|
-
|
Calvin Butner
Applegate Real Estate Group
| |
|
09/19/2011
|
2 Bed
|
1 Bath
|
765 ft²
|
$54,900
2 Bed
1 Bath
765 ft²
|
$61,500
+12.02%
11/30/2011
|
-
|
Mauro Silva
Century 21 North East
| |
|
10/18/2004
|
2 Bed
|
1 Bath
|
765 ft²
|
$127,900
2 Bed
1 Bath
765 ft²
|
$127,900
01/06/2005
|
-
|
Roy Welch
AmeriDream Realty LLC
| |
|
10/06/2004
|
2 Bed
|
1 Bath
|
765 ft²
|
$122,900
2 Bed
1 Bath
765 ft²
|
$120,000
-2.36%
01/20/2005
|
-
|
Claire Moore-Rosa
Burns & Egan Realty Group, LLC
| |
|
05/14/2003
|
2 Bed
|
1 Bath
|
765 ft²
|
$119,900
2 Bed
1 Bath
765 ft²
|
$113,000
-5.75%
08/29/2003
|
-
|
Adele Dantona
Agent Referral Network
|
Building Info
