61 Nichols 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 |
|---|---|---|---|
| Aug 13, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | No longer available | - | |
| No longer available | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jun 23, 2024 | Listed by Cameron Real Estate Group | $800,000 | |
| Listed by Cameron Real Estate Group | |||
| | |||
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Welcome to Danvers! Enjoy this beautiful home situated on a full 2 acres of land at the end of a dead end street in one of the most desirable areas of town. Lots of new with stainless appliances, granite countertops, gleaming hardwood floors, updated bathrooms, and 2 acres of land. Front yard has been graded with new grass. Back yard has also been graded and new grass added. 2 car garage has heat and new epoxy floors. This home is ready for new owners!
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| Feb 22, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017