114 Farmer Road
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 |
|---|---|---|---|
| Jun 29, 2020 | Sold | ||
| Sold | |||
| Jun 5, 2020 | Listed by RE/MAX Innovative Properties - Hollis | $319,900 | |
| Listed by RE/MAX Innovative Properties - Hollis | |||
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With a large yard on 1.6 acres, this is a home you shouldn’t miss! This pretty cape is very conveniently located close to Route 101, & has 3 beds w/ the Master on 1st floor. The sellers have completed several important updates to the home already - there's a beautiful kitchen w/ stainless appliance, a tiled sunroom, & 1 of the bedrooms has been redone upstairs & a half bath added. The expensive items are all updated - the roof and vinyl siding was completed in 2018 w/ updated decks both in the back and the front of the home. A new furnace was installed & the well has recently had a new pump installed. The rest of the work on the 1st floor is just paint and carpeting, & there's a lot of open space. The highlight of the 1st floor is the Bonus Room, with a full size pool table, poker table, mini-fridge with a replica safe door, and a genuine phone booth. These are all being left behind if desired. There are 2 sheds in the yard for more storage. With your touch you could make it shine!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017