12 Michael Drive
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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 |
|---|---|---|---|
| Nov 8, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $415,000 | |
| Listed | |||
| | |||
|
Great opportunity in South Orangetown schools district. This home on a dead end street, has nice sized rooms, open family floor plan, a beautiful addition w vaulted ceilings w attached porch, 4 bedrooms, 2.5 baths, hardwood floors, 1 car garage, 2 sheds and fenced in yard. Minutes to Bus and Train to New York City, Palisades and Garden State Parkways, NYS Thruway.The manager has listed the unit size as 2198 square feet.
| |||
| Jul 14, 2017 | Listed by Keller Williams Hudson Valley | $415,000 | |
| Listed by Keller Williams Hudson Valley | |||
| Apr 30, 1998 | Sold | ||
| Sold | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017