1506 S 6th
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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jun 15, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Listed by Coldwell Banker Apex, REALTORS | $140,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Charming 3-bedroom Home in Merkel, TX. Delight in Comfort and Convenience. Inside, be greeted by an open floor plan, fostering a warm and welcoming atmosphere. A generously sized master suite features a private living room, while a large walk-in shower graces the main bath. Begin your next chapter in this lovingly maintained home featuring three spacious bedrooms, two living areas, and extensive updating, offering comfort and style. Positioned in a desirable location just one block from schools and nestled under mature shade trees, this property delivers the perfect blend of convenience and serenity. Outside, new siding, a carport, and RV parking add practicality. The properties boast an updated HVAC system with a heat pump, ensuring year-round comfort. A metal roof adds durability, while a wood privacy fence ensures seclusion. The significant green space, water well, and garden area enhance the home's appealing exterior. Secure your opportunity to view this welcoming Texan gem.
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| Oct 15, 2019 | Sold | ||
| Sold | |||
| Jul 23, 2019 | Listed by Arnold-REALTORS | $75,500 | |
| Listed by Arnold-REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017