1 Butternut Drive
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 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 9, 2018 | Sold | ||
| Sold | |||
| Jul 16, 2018 | Listed | $289,900 | |
| Listed | |||
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A Must See! Well maintained 3 bedroom ranch on a picture perfect lot in a nice Pelham neighborhood. Living room features hardwood flooring and a large bay window for natural light. Kitchen features oak cabinets, stainless steel appliances and dining room with ceiling fan and slider that leads you out onto an oversized back deck with retractable awning that overlooks the private, level backyard. Master bedroom and 2 additional bedrooms. The full bathroom has a new vanity w/ granite top and new flooring. 2 newly paved driveways, 1 leads to the 2 car garage under and the second brings you to the direct entry at the side of the home into the kitchen. Lots of newer upgrades throughout the home. Crown moldings in every room. Wired for a generator. Outdoor 10x10 shed. Great commuter location, minutes to Rt. 93 and Mass border. Close to Pelham schools and shopping. Quick closing possible! The manager has listed the unit size as 1056 square feet.
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| Jun 28, 2018 | Listed by RE/MAX Properties/Pelham | $289,900 | |
| Listed by RE/MAX Properties/Pelham | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017