1478 SALEM
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 11, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 3, 2024 | Listed by Cole Realty & Mortgage | $649,900 | |
| Listed by Cole Realty & Mortgage | |||
| | |||
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Beautiful, turn key home over 2000 Sq. Ft. located in a prestigious 55+, gated, resident owned PUD community that is ground set. You own your own land / no monthly space rent or lease fees! This home is on a spectacular lot near the end of a cul-de-sac with lovely panoramic views and offers a finished 2 car garage + 2 extra uncovered parking spaces! A huge gazebo with string lighting looks out on the expansive views and provides amble space for plenty of seating and still more space to BBQ and entertain! The interior boasts a very open and spacious floorplan with a wood burning fireplace in the center of a huge open great room! The Kitchen and Bathrooms have been updated, most windows have been replaced with vinyl dual pane, the roof was replaced 1-2 years ago, the water heater is new, and the ceilings have been refinished (no popcorn) plus new fixtures and more! The Laundry room is oversized and can double as an office with a desk and extra storage / counter space, plus a deep sink. Walk in closets in both Bedrooms! The Primary Bedroom also offers an ensuite Bathroom with double sinks and a huge custom shower! Home qualifies for all types of financing including VA, FHA, Reverse Mortgage, & Fannie Mae. This private community has great amenities including a clubhouse, pool, spa, billiards room, gym, free RV parking when available, and beautiful landscaping throughout. Monthly HOA fee of $356 includes water, trash, sewer, and common area maintenance. Close to all shopping and dining, multiple golf courses and a short drive to beaches and harbor.
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| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 13, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017