1
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9 Grove St
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 31, 2023 | Sold | ||
| Sold | |||
| Oct 31, 2008 | Sold | ||
| Sold | |||
| Apr 1, 2008 | Listed by Keller Williams Realty | $359,000 | |
| Listed by Keller Williams Realty | |||
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LOCATED ON CUL DE SAC, WALK TO VILLAGE, (LIBRARY, BALL FIELDS, PARK)NEWBURYPORT AND TRAIN STATION 5 MILES, EASY ACCESS TO NH AND BOSTON FROM RT. 95.PLUM ISLAND BEACH 5 MILES. ENJOY THE SUMMER IN THIS BACKYARD WITH DECK AND ENCLOSED PORCH. HARDWOOD FLOORS, 4 BEDROOMS, 1.5 BATHS. FIRST FLOOR LAUNDRY.ALL APPLIANCED KITCHEN.
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| Mar 2, 1988 | Sold | ||
| Sold | |||
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