8 Carmel Dr
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 |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2024 | In contract | - | |
| In contract | |||
| Nov 18, 2024 | Listed by LAER Realty Partners | $624,900 | |
| Listed by LAER Realty Partners | |||
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This one owner home is located in an established neighborhood offering wide streets, spacious lots, and well cared for properties! The location is convenient to shopping, banking, highways and the North Billerica Commuter Rail Station! This home will give you the opportunity of moving in and updating as you go. The three bedrooms and dining room offer hardwood flooring and it is also under the carpet in the hall, on the stairs, and in the fireplaced living room. The 3 seasons porch is very spacious, has a vaulted ceiling and plenty of windows to enjoy the view of the back yard. The kitchen is has a ceramic tile floor, granite counters, and is able to fit a small table or an island. On the lower level you'll find the front to back, fireplaced family room, the half bath and the office area. A new gas water heater was just installed. Town water and sewer. 1 car garage. Be sure to schedule you showing ASAP!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017