61 Burley 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 |
|---|---|---|---|
| Apr 2, 2024 | Sold | ||
| Sold | |||
| Mar 6, 2024 | In contract | - | |
| In contract | |||
| Feb 22, 2024 | Price Decreased |
$669,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Jan 23, 2024 | Listed by Cameron Real Estate Group | $679,000 | |
| Listed by Cameron Real Estate Group | |||
| | |||
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This home is located in the highly desired Woodvale area of Danvers. This Campanelli-style ranch has been fully renovated with brand new kitchen and bathrooms featuring stainless appliances and quartz countertops, new roof, vinyl siding, windows, electrical, plumbing, flooring, gas heating system with central AC, driveway and hot water tank. Bonus new insulation throughout entire house! Great location for quick access to Route 128, I95 and ofcourse schools, parks and Danvers Rail Trail! This is a true turn-key home, all is missing is new owners to enjoy!
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| Oct 2, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017