9 Spruce Street
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 |
---|---|---|---|
May 10, 2025 | In contract | - | |
In contract | |||
Apr 24, 2025 | Listed by Greatland Real Estate LLC | $529,900 | |
Listed by Greatland Real Estate LLC | |||
Sep 9, 2022 | Sold | ||
Sold | |||
Aug 23, 2022 | Listed by Hearthside Realty, LLC | $360,000 | |
Listed by Hearthside Realty, LLC | |||
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Nicely maintained one-owner, ranch with a 2-car garage and family
room addition in an excellent Merrimack location awaits one lucky
Buyer! This solid 1,600+ square foot home is the perfect place to
plant roots and built some sweat equity. Highlights include lovely,
original hardwood floors, a primary bedroom suite with private 1/2
bath and spacious walk-in closet, glass french doors to a 12' x 28'
family room with skylights, a Fisher double-door wood stove, and 2
newer exterior sliding…
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