581 Forest 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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Feb 3, 2025 | In contract | - | |
| In contract | |||
| Jan 29, 2025 | Listed by Berkshire Hathaway HomeServices Verani Realty | $599,900 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty | |||
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Welcome to this charming 3-bedroom, 1.5-bath Cape located in the highly desirable neighborhood of Methuen, MA. With approximately 1,536 sq ft of living space and situated on just under an acre of land, this home provides the perfect blend of comfort, privacy, and convenience. Step inside to discover an inviting floor plan featuring a spacious living room and a cozy family room—perfect for relaxing or entertaining. The kitchen, ideal for meal prep, opens to a bright dining area that’s perfect for family meals and gatherings. A convenient half bath is located on the first floor, while the full bath upstairs serves the three well-sized bedrooms, each offering ample closet space.This home is loaded with upgrades, including a newer roof, as well as new heating and air conditioning systems to ensure year-round comfort. The water heater is also newer, providing peace of mind for years to come.The partially finished basement offers additional flexible space for a home office, entertainment roo
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| Dec 30, 1996 | Sold | ||
| Sold | |||
| Oct 1, 1996 | Listed by Berkshire Hathaway HomeServices Verani Realty | $174,900 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017