L-7 E Mellen 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 |
|---|---|---|---|
| Sep 27, 2002 | Sold | ||
| Sold | |||
| Dec 14, 1998 | Listed by Coldwell Banker Realty - Leominster | $32,900 | |
| Listed by Coldwell Banker Realty - Leominster | |||
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LOCATION!NEW PAVED RD & ABOVE-GROUND UTIL STILL 12 LOTS AVAI BETWEEN 2 & 11 ACRES.PRIVATE WATER & SEWER.LEVEL,ROLLING AND WOODED LOTS,SOME W/PRETTY KNOLLS.COUNTRY LOCATION CONVENIENT TO GARDNER CNTR.& MAJOR RTS.BUILDERS & BUYERS TAKE NOTE !!!!
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