1344 Althea 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 |
|---|---|---|---|
| Oct 16, 2020 | Sold | ||
| Sold | |||
| Sep 12, 2020 | Listed by Compass RE Texas, LLC | $395,000 | |
| Listed by Compass RE Texas, LLC | |||
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This property resides on sought after street in section 1 of Oak Forest, and is zoned to Oak Forest Elementary. Although it is priced at lot value, the home can be lived in with an open layout, original wood floors, expanded bath with two sinks, elfa built closets, granite countertops, 2-car detached garage, swimming pool and storage shed. There’s also room for expansion or new construction. Additionally 1344 Althea could be a great rental! Home is vacant on supra. Easy to show, appointment required, call listing agent for offer instructions.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017