104 Michael Street
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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%.
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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.
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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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by JLA Realty | $85,000 | |
| Listed by JLA Realty | |||
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INVESTOR SPECIAL!!! 3 lots available with utilities one block off of the southbound feeder road and FM 2025 intersection of I-69 in Cleveland. Two manufactured homes are on lots 1 & 3. The home on lot 3 is in need of extensive repairs to be made livable again but recently had tenants before they moved out. The home on lot 1 is likely a tear down or will need to be moved. These lots are listed at lot value only with no added costs for the homes on site. No Survey available. Property is not located in a flood zone. However, property will have a cover of water in extreme flooding conditions. The deep ditches surrounding the properties will make for fast run off for flood waters. Homes on site have never been penetrated with water, according to owners and tenants in the past. These homes are grandfathered in with zoning restrictions in Cleveland. The City will not allow new manufactured homes. Contact the City for building ordinance for slab built, block and beam or modular homes allowed.
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Property Highlights
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About Cleveland
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$1,125 /mo
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$1,200 /mo
- 2 Beds
- 2 Baths
- 886 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017