81 Bancroft Rd
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 |
|---|---|---|---|
| Feb 18, 2025 | Sold | ||
| Sold | |||
| Dec 27, 2024 | In contract | - | |
| In contract | |||
| Oct 31, 2024 | Listed by Brad Hutchinson Real Estate | $799,900 | |
| Listed by Brad Hutchinson Real Estate | |||
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Here's your chance - under $800K in Melrose! Fabulous Upham Park location, fenced yard, garage and plenty of off-street parking. 7 rooms, 3 bedrooms and 1.5 baths. Den off the kitchen can be used as a home office and leads to the back deck overlooking the spacious yard. The living room has nice classic details including a wood burning fireplace and wall sconces. The kitchen is ready for your new fresh ideas, maybe open into the dining room for a big open concept area. 3 bedrooms and an updated bath complete the second floor. Looking for extra square footage - there is a finished room in the basement great for a kid's playroom, another work-from-home area or a great teen space. New exterior paint and freshened landscape (2024) Current owners installed central air conditioning and windows. Irrigation system and newer FHW/Oil heat. Move into Melrose and enjoy all the trendy shops & restaurants and the ease of commuting w/ access to major routes, commuter rail and the Orange Line.
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| Jun 30, 1998 | Sold | ||
| Sold | |||
| Mar 13, 1998 | Listed by Brad Hutchinson Real Estate | $269,900 | |
| Listed by Brad Hutchinson Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017