123 Chapin
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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 |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | Listed by Coldwell Banker Realty Ann Arbor | $599,900 | |
| Listed by Coldwell Banker Realty Ann Arbor | |||
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**HIGHEST AND BEST, MONDAY, MARCH 25TH AT NOON** Who needs a large lawn to mow and maintain when you can have all of West Park as your playground? This classic home has an incredible location within walking distance of Kerrytown, downtown Ann Arbor, and the University of Michigan campus, and its generous lot houses raised garden beds, picnic and firepit areas, and a detached garage with extra parking. Historic character shines throughout. A charming enclosed porch greets your guests, while original pine floors and crown molding grace the living room. A private office could double as a play or guest room. The dining room offers built-in shelving for cookbooks and trinkets with ample room to welcome friends and family. Newer appliances make cooking a breeze, while the side door provides quick access to the yard for grilling. Upstairs you'll find three bedrooms full of natural light that share a remodeled full bathroom, and there is also a newer full bathroom on the main level for your convenience. Newer washer/dryer, electrical, and whole-house water filtration. Outside, grow your own vegetables in the garden and then enjoy them while dining al fresco on the patio or enclosed porch. A shared driveway provides access to the detached one-car garage and extra parking space, and you can leave your cars there and explore the city with a Walk Score of 94 (Walker's Paradise) and Bike Score of 88 (Very Bikeable). Nothing to do except move in and enjoy trips to the Farmers Market, concerts on campus, and dinners downtown. Schedule your showing today!
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| Aug 28, 2007 | Sold | ||
| Sold | |||
| Apr 23, 2007 | Listed by Keller Williams Ann Arbor Mrkt | $329,900 | |
| Listed by Keller Williams Ann Arbor Mrkt | |||
| Jul 8, 1997 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017