87 Old Point Road
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 21, 2017 | Sold | ||
| Sold | |||
| Oct 20, 2015 | Listed by RE/MAX Renaissance Inc. | $299,500 | |
| Listed by RE/MAX Renaissance Inc. | |||
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Unusually fine building site with excellent natural landscaping in place: grasses, juniper and pine trees/shrubs. This large lot is on the Basin side of the island, and has amazing views out of the over marshes and to downtown Newburyport. The surrounding homes, including one very new one, are substantial and lovely structures. Because this is an oversized lot, the allowed lot coverage of 20% equals a footprint of 5,218.48 square feet, with a home of 6,523.10 square feet maximum. Buyer is responsible for paying the remaining water and sewer betterment charge and for any and all permits necessary to build.
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| Feb 11, 2011 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017