1008 BANCROFT AVE
About This Property
Note that the price history of this house doesn't reflect that the purchase of the property by the current owner doesn't include the price of the extra lot. The total of the two properties amounted to $205,000.
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Jan 16, 2024 | In contract | - | |
| In contract | |||
| Dec 1, 2023 | Listed by Coldwell Banker Elite | $510,000 | |
| Listed by Coldwell Banker Elite | |||
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About Colonial Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017