116 Rea St
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 |
|---|---|---|---|
| Sep 7, 2017 | Sold | ||
| Sold | |||
| Jul 18, 2017 | Listed by J. Borstell Real Estate, Inc. | $329,900 | |
| Listed by J. Borstell Real Estate, Inc. | |||
| Aug 27, 2008 | Sold | ||
| Sold | |||
| Jul 20, 2008 | Listed | $189,900 | |
| Listed | |||
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****BUYER TO SIGN MULTIPLE OFFER PROCEDURE FORM AND RETURN WITH HIGHEST & BEST OFFER BY 5PM ON 7/28/08 - CALL OFFICE FOR FORM - ALLOW FOR ACCEPTANCE TIME FROM 7/28/08**** Nice ranch on a dead end street in a quiet neighborhood. Home features a fireplace, hardwood floors, large basement, fenced-in yard and in-ground pool. Buyer to sign seller's addendum, Pre-Qualification or proof of funds must be submitted w/ all offers along with deposit of $1,000 (certified).
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