118 Phillips Road
About This Property
3 bedroom 2 bathroom house with 1 bathroom being newly renovated with a
huge double headed shower. New furnace and A/C unit are also within the home. It has an eat-in kitchen, living room, and bonus room that can be used as another bedroom. There is a utility shed with an attached
chicken house off to the left side of the property. Last but not least, there is a brand new paved driveway also included!
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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 |
|---|---|---|---|
| May 9, 2023 | Sold | ||
| Sold | |||
| Mar 3, 2023 | Listed by Northern Star Realty | $249,000 | |
| Listed by Northern Star Realty | |||
| Feb 3, 2021 | Sold | ||
| Sold | |||
| Jun 10, 2020 | Listed by Field Realty | $160,000 | |
| Listed by Field Realty | |||
| | |||
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All of the serenity of country living you could want! This 3 bedroom 2 bath home sits on over 2 acres, master bedroom has spacious walk-in closet. Modern eat in kitchen, open floor plan, recessed lighting, paddle fans and wood floors throughout. Mud room, covered porch with outdoor lighting. Storage shed, plenty of room for gardens, a pool, this home is located right up the hill from the beautiful Tomhannock Reservoir. Very Good Condition
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| Apr 16, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017