119 Formosa
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 |
|---|---|---|---|
| May 25, 2022 | Sold | ||
| Sold | |||
| Dec 21, 2021 | Listed by Coldwell Banker Realty | $129,000 | |
| Listed by Coldwell Banker Realty | |||
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This home has 2 lots with a beautiful Water View from the wrap around porch or separate deck. The home features 2 bedrooms 1 bath a covered carport to park your boat or car. This quiet neighborhood is a great place to getaway for the weekend or make this your forever home!
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| Oct 24, 2019 | No longer available | - | |
| No longer available | |||
| Sep 7, 2019 | Listed by Keller Williams - Houston-Northeast | $65,000 | |
| Listed by Keller Williams - Houston-Northeast | |||
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Two lots (each with separate tax ID) in lovely lake subdivision with manned gate, with cozy home that is clean and ready to move in! Wraparound porch/deck with covered cabana offers relaxing view of the lake. Additionally, there is a large deck with picnic table and lovely iron fire pit with grill. Great condition, seller has improved the insulation underneath, replaced skirting, added roof gutters, and secured the tie-downs. Shade trees provide relief from the summer heat. Convenient driveway and carport round out the nice outdoor features. Stackable washer and dryer will be included. There is a beautiful subdivision pool, clubhouse, and two boat launch areas, one launch is within minutes of the home. HAR map shows Formosa as "Pine" St. GPS will not recognize Formosa. Please follow directions in listing. The manager has listed the unit size as 672 square feet.
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| Jun 7, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017