8 Sycamore Lane
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 |
|---|---|---|---|
| Sep 1, 2022 | Sold | ||
| Sold | |||
| Nov 29, 2018 | Sold | ||
| Sold | |||
| Jan 3, 2018 | Listed by Chinatti Realty Group, Inc. | $559,900 | |
| Listed by Chinatti Realty Group, Inc. | |||
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The Cottages at Sycamore Lane: A 5 unit stand alone condo development on 3.1 acres located just 2.5 miles from downtown Newburyport. Each house offers open concept Living/Dining, and a fireplace. First floor Master Bedroom Suite and laundry allow for complete first floor living. All homes have an attached 2 car garage with storage above. Second floor has additional 2 bedrooms and full bath as well as an unfinished attic space that could be finished if you need more room. Enjoy the beauty of this first class cul de sac from every window as well as a nice deck off the living room. "See attachments for floor plans and building specs". There will be an HOA fee to include landscaping and all snow removal from road, driveways and front walkways.
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| May 26, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017