Wonderful 28 unit condominium with elevator, heated
garage parking, snow melting heated driveway and storage area. This
unit offers new granite counters and eating area, new sink with
single lever faucet, newly remodeled bath with new tile flooring,
toilet and vanity, new carpeting, large private patio for your
grilling and relaxation overlooking garden area. Moderate
condo fee of $270 includes heat, hot water, master insurance ,
grounds, snow removal and general maintenance. A place to call
home!
Unit Size
536 Ft²
Days on Market
-
Land Size
-
Price per sqft
$317
Property Type
Condo
Property Taxes
$156
HOA Dues
$270
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
HOA/Condo/Coop Amenities: Hot Water, Laundry, Elevator(s), Storage, Garden Area
HOA Fee: $270
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Management: Owner Association
974-976 Main
#2,
Melrose, MA,
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