7 Penny Hill 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 |
|---|---|---|---|
| Mar 21, 2016 | Sold | ||
| Sold | |||
| Dec 31, 2015 | Listed by Berkshire Hathaway HomeServices Verani Realty | $359,900 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty | |||
| Jun 13, 2013 | Sold | ||
| Sold | |||
| Feb 14, 2013 | Listed by Bond Realty, Inc. | $329,900 | |
| Listed by Bond Realty, Inc. | |||
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Another exceptional renovation by VC Detailed Properties bringing you one of the best values in Melrose. Move Right In !! Everything is done - granite, stainless kitchen with dark stained hard pine floor - striking!! All new light fixtures/appliances. New floor layout is awesome - colors are perfect . Detached garage, extra lot for parking, upgraded pressure treated deck on front, newer thermo windows and roof, hardwired smokes and CO 2 detectors, Easy access to Rte 99 and Rte l.
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| Nov 14, 2012 | Sold | ||
| Sold | |||
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