25
Map
101 Merit 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 |
|---|---|---|---|
| May 15, 2023 | Sold | ||
| Sold | |||
| Apr 13, 2023 | Listed by KW Coastal and Lakes & Mtns Realty/A Notch Above | $299,000 | |
| Listed by KW Coastal and Lakes & Mtns Realty/A Notch Above | |||
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Leave your worries behind and sit back and enjoy the peace and quiet this property has to offer. If you are looking for that cozy cabin feel, then this house is for you! This home is situated on 0.72 acres of land, has been kept in immaculate condition and is move-in ready. The large, screened in, front porch is the perfect place to sit and escape the inclement weather and bugs, while listening to the birds sing. Outside features an additional, open deck and fire pit for those summer evening fires. The main level features an open concept kitchen, dining and living room. The living room has gorgeous hardwood floors (which continue throughout the house), an oil monitor heater and a wood stove for a secondary heat source with a beautiful brick hearth. The main level full bathroom is equipped with washer/dryer hookups. Primary bedroom is also on the main level with a spacious closet and there are two more bedrooms upstairs. The full basement has interior or exterior access, a propane heater and plenty of room for storage. A very large, two bay garage with oversized doors and a lean-to, complete this property. Direct snowmobile trail access, ATV trail access close by, and deeded access to Akers Pond add to the appeal of this home. Akers Pond is ideal for swimming, boating, kayaking and fishing. This is one you won't want to miss out on, call to set up a showing today. Furniture negotiable.
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| Jan 5, 2016 | Sold | ||
| Sold | |||
| Jun 1, 2015 | Listed by Gallus and Green REALTORS® | $151,500 | |
| Listed by Gallus and Green REALTORS® | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017