Lot 56 Cherry Tree Lane
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 |
|---|---|---|---|
| Apr 4, 2011 | Sold | ||
| Sold | |||
| Aug 20, 2010 | Listed by Keller Williams Realty-Merrimack | $499,900 | |
| Listed by Keller Williams Realty-Merrimack | |||
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Classic hip roof Essex home plan to be built. Home features an open kitchen with GE SS appliances, granite counters & large breakfast area. A huge family room w/ soaring ceilings and fireplace, formal DR and LR (can also be used as office/play area) round out the 1st floor. 2nd floor boasts 4 bedrooms including a Master Suite w/ private bath, walk-in closet. Built by Habitech Homes, the areas finest custom builder, it is easy to see why Academy Hill is Groton's fastest growing new community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017