74 Old Nahant 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 |
|---|---|---|---|
| Oct 25, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $549,000 | |
| Listed | |||
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This Raised Ranch offers hardwood floors throughout the main level. The living room features a wood fireplace, and the recently updated kitchen includes stainless steel appliances, a soap stone style sink, a versatile Island, and access to the outdoor deck which leads to the in-ground pool. The unfinished lower level is where you will find the washer and dryer, as well as a Pellet Stove which will remain. An area in the basement has been identified for installation of a half-bath. Access to the two-vehicle garage is from the lower level. This home is close to major highways, parks, and restaurants, as well as many other amenities found in the Wakefield community. The manager has listed the unit size as 1916 square feet.
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| Mar 17, 2018 | Listed by Keller Williams Realty-Merrimack | $499,999 | |
| Listed by Keller Williams Realty-Merrimack | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017