159 Evans Rd Ext
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 |
|---|---|---|---|
| Mar 11, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Jan 30, 2025 | Listed by LPT Realty, LLC | $699,000 | |
| Listed by LPT Realty, LLC | |||
| | |||
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In addition to harbor views and summers at the association dock, this property offers many options for future expansion. This 2-bed, 2-bath bungalow with a detached garage boasts beautiful sunsets and views of the Salem Harbor from the living room picture window as well as from the dining area. The generous yard is fenced-in on three sides and is accessible from the deck as well as the lower level, which was fully renovated in 2023, including new electric (200 amp) and new plumbing. In 2021 - new flagstone wall and back deck; 2022 - new fence; 2020 - new roof; 2023 - new driveway; 2024 - new GE stainless steel appliances (refrigerator, stove) and a new LG washer and dryer; Architectural drawings for a 3-br/2-bath expansion available. The home is a part of the Ocean Park Civic League neighborhood association (OPCL). Fee is $100/year. Showings start at the first open house on Sunday Feb., 2nd from 2:00-3:30 PM. If offers are received, first offer review will be on Monday at 5:00 PM.
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| Nov 9, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017