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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 15, 2020 | Sold | ||
| Sold | |||
| Mar 31, 2020 | Listed by American STAR Realty Group | $273,000 | |
| Listed by American STAR Realty Group | |||
| | |||
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Water front lot at Martins Pond, come check it out and build your brand new construction home. Listing Price is just for the lot and foundation. Come build your perfect home today and start enjoying life on the pond and all of what North Reading has to offer, shops, restaurants and close to i93 and i95. This may be the opportunity you have been waiting for, super easy to show, call or email today!
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| Jul 26, 2019 | No longer available | - | |
| No longer available | |||
| Jul 17, 2019 | Listed by Keller Williams Realty | $225,000 | |
| Listed by Keller Williams Realty | |||
| Oct 19, 2012 | Sold | ||
| Sold | |||
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