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951 Erickson 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 |
|---|---|---|---|
| Aug 26, 2021 | Sold | ||
| Sold | |||
| Jun 6, 2021 | Listed by Coldwell Banker Residential Brokerage - Groton | $359,900 | |
| Listed by Coldwell Banker Residential Brokerage - Groton | |||
| Jul 21, 2010 | Listed by Coldwell Banker Residential Brokerage - Groton | $275,000 | |
| Listed by Coldwell Banker Residential Brokerage - Groton | |||
| Mar 18, 2010 | Listed | $328,400 | |
| Listed | |||
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Southern Colonial style home, Post & Beam constr w/ 2 story Farmers porch, open concept kitchen/dinrm with pantry closet and built ins. Lvrm w/ pellet stove and plenty of natural light. Fst Flr bdroom and full bath. 2nd flr has 3 bdrooms 1.5 baths and laundry. 2 bedrooms have access to 2nd floor balcony. Huge 3rd flr with half bath and tons of potential, Wrap around deck w hot tub and great yard. 2 story barn and 2 car garage w electricity. Cen a/c & new whole house automatic generator.
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| Aug 31, 2004 | Sold | ||
| Sold | |||
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