89 Ocean Avenue
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 11, 2024 | Sold | ||
| Sold | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jul 8, 2024 | Listed by Real Broker MA, LLC | $449,900 | |
| Listed by Real Broker MA, LLC | |||
| | |||
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Check out this exciting opportunity! Three-bedroom, one-bath colonial style is perfect for those looking for a cozy yet spacious home. The fenced-in yard is a great feature, especially for families or pet owners. And being so close to downtown historic Salem means easy access to shops, restaurants, and all the cultural attractions the area has to offer. Plus, the proximity to Salem State College, Salem Hospital, and the beach makes it a convenient location for both work and leisure. It definitely is a place with lots of potential and a fantastic opportunity for someone looking to settle in Salem! House to be sold as is.
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| Oct 24, 2008 | Sold | ||
| Sold | |||
| Jun 23, 2008 | Listed by Real Broker MA, LLC | $139,899 | |
| Listed by Real Broker MA, LLC | |||
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