8 Old Colony Drive
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 20, 2024 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Listed by Realty Executives | $449,900 | |
| Listed by Realty Executives | |||
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Here is a hard-to-find opportunity to build your dream home on a 3.3-acre lot affording you plenty of privacy. Town water and town sewer are on the established street and the home will have SW exposure allowing lots of light. There are numerous stone walls bordering the property and the lot abuts Wilkinson Hi Hill Farm in the rear. Easy access to the Westborough Train Station (South Station to Worcester) along with Restaurants, shopping and major routes. Act now.
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| Sep 14, 2012 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017