118 Franklin Street
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 8, 2024 | Sold to Mark A Wheatley | $130,000 | |
Sold to Mark A Wheatley | |||
Nov 10, 2023 | In contract | - | |
In contract | |||
Nov 4, 2023 | Price Decreased |
$129,000
↓ $6K
(4.4%)
|
|
Price Decreased | |||
Oct 20, 2023 | Listed by Century 21 Post Realty | $134,900 | |
Listed by Century 21 Post Realty | |||
Dec 21, 2019 | No longer available | - | |
No longer available |
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