1518 Patton Road
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 24, 2022 | Sold | ||
| Sold | |||
| May 9, 2022 | Listed by Southern Classic Realtors | $268,000 | |
| Listed by Southern Classic Realtors | |||
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Newly remodeled/updated 3/2 ranch home on 2 acres in Pike County. Total electric on county water. Split bedroom plan with a large master. New laminate floors through out, freshly painted inside and outside, new range and oven, and new doors/light fixtures. Large covered back porch with extending deck for entertaining. Covered front porch to sit and watch the sunset. Home is located in such a peaceful area that is located close to Zebulon and Griffin. Square footage does not reflex the addition. Not FHA Eligible until 7/8/2022
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| Apr 6, 2022 | Sold | ||
| Sold | |||
| Dec 23, 2021 | Listed by McLeRoy Realty | $190,000 | |
| Listed by McLeRoy Realty | |||
| Mar 11, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017