6 Damon Ave
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 |
|---|---|---|---|
| Aug 28, 2014 | Sold | ||
| Sold | |||
| Jun 21, 2014 | Listed by Bancroft Realty Group | $359,900 | |
| Listed by Bancroft Realty Group | |||
| Feb 7, 2014 | Sold | ||
| Sold | |||
| Dec 31, 2012 | Listed by Keller Williams Realty | $239,000 | |
| Listed by Keller Williams Realty | |||
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Outstanding neighborhood on town water/sewer - minutes to town wharf/town center & amenities. Single level living/kitchen & bath needs renovating/TLC. Hardwood floors in LR/BRs. Half bath not noted in assessor record; interior access to full basement. Shed to rear. Enclosed side porch entry to kitchen. View of river in winter from rear. Level lot of .31 acres. Opportunity for downsize or expansion above pending buyer needs. Great entry level to live in historic Ipswich/Crane Beach/commuter rail!
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| Apr 30, 2002 | Sold | ||
| Sold | |||
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