1115 Fairacres Drive
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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 |
|---|---|---|---|
| Jun 30, 2021 | Sold | ||
| Sold | |||
| May 27, 2021 | Listed by Primark Realty | $250,000 | |
| Listed by Primark Realty | |||
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Beautifully updated home in a wonderful community. House has 3 bedrooms 2 bathrooms and an open floor plan. Updates include new luxury vinyl flooring, new paint, recent cabinets, recent countertops, recent bathroom remodels, new fans, new light fixtures. Zoned to great FBISD schools, low taxes, and conveniently located close to major highways and commercial areas. Come visit today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017