1212 CENTRAL AVE
About This Property
BUYER BACKED OUT PRIOR TO CLOSING, THEIR LOSS IS YOUR GAIN! APPRAISAL CAME IN SIGNIFICANTLY HIGHER THAN CURRENT LIST PRICE! AVAILABLE FOR QUICK CLOSE.
Welcome home, your one floor living finally waits for you here! From the moment you pull up, the beautiful corner property curb appeal greets all visitors. This wonderful rancher boasts a 1 car attached garage with ample room for guest parking. Inside the front door awaits natural hardwood flooring throughout your nicely sized living room, that flows right into your eat in kitchen. The newly renovated space offers granite counters, stainless steel appliances, and an attached half bath. The master bedroom provides ample space needed, while your second and third bedroom can be used for additional living or office space as needed, each with newer carpeting. These rooms share the full bath located in the hallway, while the entire house has been freshly painted. Outback sets the tone for all the upcoming family gatherings, backyard BBQs, and weekend bonfires that the current and upcoming seasons allow. There is an additional detached storage shed for your convenience, and the solar panels offer reduced living costs effective immediately. The solar lease is effective until 2038, and the monthly payment is only $125. The current owner enjoys an overall monthly electric bill of less than $10 dollars! Don't sleep on this one, it will be gone before you know it.
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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 |
|---|---|---|---|
| Oct 14, 2022 | Sold | ||
| Sold | |||
| Jul 6, 2022 | Listed by Hometown Real Estate Group | $200,000 | |
| Listed by Hometown Real Estate Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017