6 Nonantum 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 |
|---|---|---|---|
| Sep 24, 2015 | Sold | ||
| Sold | |||
| Jun 30, 2015 | Listed by William Raveis R.E. & Home Services | $399,900 | |
| Listed by William Raveis R.E. & Home Services | |||
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Excellent opportunity to renovate or rebuild this 2 bedroom, 1.5 bath waterfront cottage on Salem Harbor. Enjoy the beautiful views of the harbor from the expansive deck. Convenient access to the nearby town dock is just steps away. This home is located in a very quiet and quaint neighborhood of 31 homes that comprise the Bessom Associates Waterfront Community. This property requires significant renovation and is offered "as-is". For those willing to see the "dream" through with patience and investment, the right owner will be rewarded with an unbelievable waterfront residence. Imagine ending every day watching the sunset from your new home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017