702 Daniel Webster Highway
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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 12, 2019 | Sold | ||
| Sold | |||
| Oct 3, 2018 | Listed by McClintick Real Estate Inc | $154,000 | |
| Listed by McClintick Real Estate Inc | |||
| | |||
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2.01 acre vacant lot. Zoning is C-2. (General Commercial Zone). A variety uses are allowed. A special exception for a Single Family home and a variance for Contractor Yard have already been granted by the town. Many other uses would be possible. Curb cut already on property. Town water and sewer at the street. Just minutes to exit 12 or airport exit off Everertt Turnpike. Listing agent has personal interest in the property.
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| Oct 5, 2017 | Sold | ||
| Sold | |||
| Sep 6, 2016 | Listed by WaterView Real Estate, LLC | $99,000 | |
| Listed by WaterView Real Estate, LLC | |||
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About East Merrimack
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Last Updated Date: 2019-05-06
Last Checked: 7 hours ago
Data Source: Prime MLS, MLS# 4514111
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