7 Ocean View Ave
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 |
|---|---|---|---|
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Mar 7, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 11, 2025 | Listed by Reference Real Estate | $575,000 | |
| Listed by Reference Real Estate | |||
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STILL AVAILABLE***This property qualifies for a preferred interest rate between 5.5%-6.625% AND NO PMI - Reach out for details ! ***Welcome to 7 Ocean View Ave, where comfort meets convenience! This charming 3-bedroom, 2.5-bathroom single-family home is nestled in a prime location between Salem and Swampscott, just 8 minutes from the sandy shores of Lynn Beach and the scenic Red Rock Park. Step inside to discover a thoughtfully updated kitchen with fresh flooring and a crisp new coat of paint, ready for your personal touch. A brand-new heating system (2024) ensures year-round comfort, while the oversized driveway provides ample parking for you and your guests. Some other notables about 7 ocean view are new electric panel, ~10 year old roof, pellet stove, upgraded patio & stonework, a new deck so all you need to do is move in.
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| Jul 3, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017