6 Margaret Rd
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 |
|---|---|---|---|
| Jul 24, 2024 | Sold | ||
| Sold | |||
| Jun 24, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Coldwell Banker Realty - Marblehead | $625,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
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Pride of ownership shines at 6 Margaret Road. Meticulously maintained by the same family since its construction in 1959 and expansion in 1984, this traditional Ranch-style home offers single-floor living with the added benefit of a recently finished lower level. Originally a 3-bedroom house, it now functions as a 2-bedroom home that can be easily converted back, or continue to use as a formal dining room. The nearly 11,000 sq ft lot offers endless possibilities, featuring a deck, new fence, shed, patio, and room for potential expansion. Recent updates include new siding, electrical work, and a finished multi-room basement. Located in Peabody, a city known for its commuter convenience, low taxes and utilities. This move-in ready home is a must-see. Open Houses Sat 6/22 and Sun 6/23 11am-1pm, first offer review Mon 6/24 at 1pm.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017