7 Terrace Road
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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Apr 1, 2024 | In contract | - | |
| In contract | |||
| Mar 27, 2024 | Listed by Advisors Living - Weston | $850,000 | |
| Listed by Advisors Living - Weston | |||
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Charming updated 4 bedroom, 2 bath Cape located in a highly desirable part of town/neighborhood on a dead end street with access to the 100 acre town forest. The first floor features 2 bedrooms, a full bath and an open floor plan including living room with fireplace, dining area and beautiful white kitchen with quartz counters and stainless steel appliances. On the second floor there are two large bedrooms and a bath. The lower level is partially finished with access to the backyard. The deck is composite and overlooks the level backyard. Conveniently locating close to route 9, Wellesley, one mile from commuter rail, Natick Center and shopping.
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| Jul 1, 2019 | Sold | ||
| Sold | |||
| May 10, 2019 | Listed by Advisors Living - Weston | $629,900 | |
| Listed by Advisors Living - Weston | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017