1101 Macadamia Street
About This Property
Nestled on a generous acre of land, this property features an impressive insulated 40x40 shop with convenient drive-through doors, ensuring ample space for hobbies, projects, or storage. The design allows for a refreshing breeze to flow through during warm summer days, enhancing your workspace or leisure activities.
Step outside onto the expansive covered back porch or patio, ideal for relaxing evenings or entertaining guests while enjoying views of the large above-ground swimming pool. This property offers it all.
Inside, the home boasts a practical layout with three bedrooms and two full bathrooms, perfect for family and guests alike. The open living areas and modern kitchen provide a comfortable atmosphere for everyday living and hosting gatherings. Fresh paint inside since photos!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Price Decreased |
$500,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Sep 1, 2024 | Price Decreased |
$510,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 20, 2024 | Listed by WinHill Advisors DFW | $525,000 | |
| Listed by WinHill Advisors DFW | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017