9 Michael Ln
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 |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Dec 3, 2025 | Listed by Karen Packard Real Estate Inc. | $629,900 | |
| Listed by Karen Packard Real Estate Inc. | |||
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With over 2000 sq. ft. of living space, this 3-bedroom, 2.5-bath property features many recent updates including new interior and exterior paint, remodeled kitchen and baths, boiler, hot water tank, and roof. The bright layout on the main floor includes a cathedral-ceiling family room with a cozy fireplace, a large eat-in kitchen with breakfast bar, an additional dining room area, a formal living room and half bath with laundry. Upstairs are three bedrooms, including one with a stunning African mural and another with a fun loft perfect for kids bonus play space. The basement has a 2 car garage and a finished playroom/office. Outside there is a private yard with an irrigation system, deck and patio area for grilling and entertaining as well as a large swingset for hours of fun. Enjoy a flat, cul de sac road ideal for walking or biking and convenient access to the highway, town center, Sterling town beach, the rail trail and nearby Wachusett Mountain for hiking and skiing enthusiasts.
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| Aug 14, 2015 | Sold | ||
| Sold | |||
| May 15, 2015 | Listed by Century 21 Center Home Team | $319,900 | |
| Listed by Century 21 Center Home Team | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017