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56 Old Farm 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 |
|---|---|---|---|
| May 15, 2018 | Sold | ||
| Sold | |||
| Jul 26, 2016 | Sold | ||
| Sold | |||
| Oct 28, 2011 | Sold | ||
| Sold | |||
| Jun 30, 2011 | Listed by Berkshire Hathaway HomeServices Verani Realty | $300,000 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty | |||
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Fabulous North Salem - Shannon Farms. One of the finest areas in Salem. Quality built home on oversized lot with private back yard. Large kitchen with 6 foot island and tile floors. Front to back living, open sunny foyer with L shaped stairs, 19x16 composite deck, 6 zone lawn sprinklers, 4 year old 3 zone FHW system. Duct work in for A/C, central vacuum. House set up with separate circuit for generator. Subject to 3rd party.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017