8 Bailey St
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 |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by Keller Williams Gateway Realty | $549,900 | |
| Listed by Keller Williams Gateway Realty | |||
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Welcome to 8 Bailey Street, a cozy 3-bedroom, 1.5-bathroom home located in a quiet and friendly neighborhood in Lynn, MA. This home offers just under 1,300 sq ft of comfortable living space with great potential for personalization. The spacious living room is filled with natural light, creating a warm and inviting atmosphere. The kitchen offers plenty of storage and functionality, making it the perfect space for preparing family meals. Upstairs, you’ll find three generously sized bedrooms with ample closet space, providing plenty of room for family or guests. The full bathroom has a classic design, ready for your updates and personal style. Outside, the backyard offers an open area for outdoor activities, and there’s a detached garage along with off-street parking for added convenience. This home is ideally located just minutes from Lynn's vibrant downtown, public transportation, and the scenic coastline, providing the perfect balance of suburban comfort and city accessibility.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017