15 Michigan Rd
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 |
|---|---|---|---|
| Jan 28, 2025 | Sold | ||
| Sold | |||
| Dec 27, 2024 | In contract | - | |
| In contract | |||
| Dec 21, 2024 | Listed by Lamacchia Realty, Inc. | $375,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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**Open house 12/22 12-2 pm** Charming & Updated Home in a Prime Location! Enter into the sun-filled living room featuring hardwood floors & a cozy wood fireplace insert, perfect for relaxing evenings. The updated kitchen shines w/ new flooring, butcher block countertops, & stainless steel appliances. On the 1st floor, you’ll find a beautifully remodeled full bath w/ a tiled shower stall and two bedrooms w/ hardwood flrs. Upstairs offers a spacious third bedroom and attic space, ideal for storage or potential future expansion. Enhanced energy efficiency w/ professional insulation throughout the walls, attic, and basement ceiling."Enjoy outdoor living in the fully fenced backyard, complete with a storage shed for your tools and toys. The paved driveway and attached garage add convenience to this lovely home. Tucked away in a peaceful setting yet just minutes from restaurants, shopping, playground and other amenities. Gift yourself or a loved one A New Home this holiday season!
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| Dec 29, 2017 | Sold | ||
| Sold | |||
| Nov 15, 2017 | Listed by Lamacchia Realty, Inc. | $176,900 | |
| Listed by Lamacchia Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017