12 Michael Drive
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 |
|---|---|---|---|
| Jun 6, 2025 | Sold | ||
| Sold | |||
| Apr 14, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed | $574,900 | |
| Listed | |||
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This beautifully maintained Colonial features an open concept floor plan and stunning hardwood flooring throughout the main level. The spacious family room is flooded with natural light creating a warm atmosphere.The kitchen boasts an oversized breakfast bar, recessed lighting, ample cabinetry and slider leading to an elevated back deck. Formal dining room, adjacent to the kitchen is ideal for gatherings. Convenient half bath with washer/dryer and pantry closets complete the main level. Upstairs, enjoy 2 generously sized bedrooms, full main bath, versatile bonus room for home office, nursery, or playroom and primary with walk-in closet and private bath.The finished basement with private entrance, half bath and access to garage provides additional living space or option for home business or gym. Outdoors, the home sits on a sprawling lot with mature landscaping lining the backyard. Relax on the deck overlooking the peaceful lot with separate fenced-in area for fire pit, playset or pets!
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| Dec 22, 2017 | Sold | ||
| Sold | |||
| Oct 1, 2017 | Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. | $339,900 | |
| Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017