7 Porter Ter
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 29, 2020 | Sold | ||
| Sold | |||
| Dec 9, 2019 | Listed by Coldwell Banker Residential Brokerage - Beverly | $395,000 | |
| Listed by Coldwell Banker Residential Brokerage - Beverly | |||
| Jan 23, 2018 | Sold | ||
| Sold | |||
| Nov 13, 2016 | Listed by RE/MAX 360 | $412,000 | |
| Listed by RE/MAX 360 | |||
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Desirable neighborhood in Ryal side. Bright and cozy Cape featuring hardwood flooring, wood burning FP, formal sunny dining rm w/ patio bk yard, sits on an acre of land which has potential to be subdivided into 2-3 more buildable residential lots. Less than a mile to train station,10 min walking distance to Ayers school and 5 min walk to Obear Park. Close to Bass River and Kernwood country club. Preliminary minor subdivision drawings, topographical survey soil report w/ existing conditions plan on hand. Beverly planning board favorably reviewed the preliminary subdivision presented and is awaiting your definitive plans for approval. Sold As-is. Sale not subject to approvals or permitting and cash preferred. Property is in great condition and valued for its potential subdivision.
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