10565 118th AVENUE
About This Property
Offering a peaceful retreat, the primary bedroom is spacious for this size home while the quaint second bedroom is ideal for guests or a home office. The large inside laundry room with a closet adds convenience. If the 1-car garage feels like a men's den, that's because the Seller has it set up as a workshop plus it has a little room providing extra storage. Need even more storage? A shed with electricity in the backyard provides additional space for hobbies.
Situated in Flood Zone X, this home is close to shopping and dining. Per prior 4-point inspection: ELECTRIC PANEL 2021, WATER HEATER 2016, HVAC 2021, property was partially repiped. Rolled Roof had a full coating in 2022 and was recently inspected by a roofing company. Skylight and front picture window replaced 2013. Additional windows replaced in property (date unknown).
It's a rare find at this price point. Come see it today and make it yours!
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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 |
|---|---|---|---|
| Oct 2, 2024 | Sold | ||
| Sold | |||
| Aug 3, 2024 | In contract | - | |
| In contract | |||
| Jul 28, 2024 | Price Decreased |
$305,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Jul 11, 2024 | Listed by KELLER WILLIAMS REALTY- PALM H | $315,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM H | |||
| Apr 13, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017