36
Map
12 Millrace Street N
About This Property
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 15, 2023 | Sold to David Vieth | ||
Sold to David Vieth | |||
Jul 15, 2023 | In contract | - | |
In contract | |||
Jul 13, 2023 | Price Decreased |
$425,000
↓ $54K
(11.3%) | |
Price Decreased | |||
Jun 28, 2023 | Listed by Great Lakes Real Estate Inc. | $479,000 | |
Listed by Great Lakes Real Estate Inc. | |||
May 18, 2005 | Sold to Dale Haidvogel, Judith Lee | ||
Sold to Dale Haidvogel, Judith Lee |
Property Highlights
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Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 1 Unit for Sale