56 Otis 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 24, 2021 | Sold | ||
| Sold | |||
| Oct 15, 2021 | Listed by Broad Sound Real Estate, LLC | $550,000 | |
| Listed by Broad Sound Real Estate, LLC | |||
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Great curb appeal for this 2 bedroom, 1 bath Ranch style charmer of a home with finished basement situated perfectly between Yirrell Beach and the Harbor allowing for an easy life style. Enjoy a day at the beach, rinse off in your outdoor shower and spend the rest of the day on your deck or entertaining in your nice sized yard. The freshly painted interior and sun filled home has a pretty kitchen featuring granite counters, white cabinets and a tile back splash. The bath is modern and appealing. The finished basement, with recently added porcelain tile flooring and an EZ ventilation system, is spacious with a dedicated home gym area and could be used as a home office, play room or entertainment spot. Winthrop is a beautiful seaside community in close proximity to Boston.
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| Oct 26, 2020 | Sold | ||
| Sold | |||
| Sep 10, 2020 | Listed by Keller Williams Realty Boston-Metro | Back Bay | $450,000 | |
| Listed by Keller Williams Realty Boston-Metro | Back Bay | |||
| Jan 20, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017