1204 Arella
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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 21, 2024 | Sold | ||
| Sold | |||
| May 26, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Price Decreased |
$445,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
| May 9, 2024 | Listed by Coldwell Banker Realty | $459,900 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Walk or bike to schools, parks, the Big House, and more from this eye-catching brick ranch on Ann Arbor's west side! The updates have already started, but there are still opportunities for you to make your mark and build equity over time. Enjoy the morning sun in the living room through the expansive picture window. Next door, the efficient kitchen provides plenty of storage space and stainless-steel appliances with a sizable dining area adjacent. There are three generous bedrooms on the main level that share full and half bathrooms, both of which were recently remodeled. Much of the entry level enjoys warm wood flooring, and there are newer windows throughout. The huge full basement is ready for your finishing ideas - it is currently used for laundry and storage but could be so much more and includes a 2020 Ever-Dry system with transferable warranty! Outside, the stunning fenced backyard is your urban oasis with an enormous patio, raised garden beds, low-maintenance perennial plants, and all the peace and privacy you could want. Convenient to west-side dining and shopping with easy access to I-94 and multiple bus lines nearby. Schedule your showing today!
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| Feb 22, 2012 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017