161 SHERRON
About This Property
The bathroom has also been fully renovated and includes a heat lamp for a cozy feel after showering. The well and septic systems were replaced in 2021, along with the HVAC system, and the roof is approximately 9 years old. Relax by the wood-burning fireplace in the living room for added comfort.
Additionally, this home boasts a spacious pole barn that is insulated, heated, and includes a concrete floor, working electricity, and a new roof with a warranty. Enjoy your time outdoors on the patio in the expansive, scenic backyard. This property will be sold in its current as-is condition, and the seller will provide the Certificate of Occupancy. Buyers must be pre approved for a showing to be confirmed.
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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 |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Mar 5, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Listed by HomeSmart First Advantage Realty | $290,000 | |
| Listed by HomeSmart First Advantage Realty | |||
| Dec 3, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $69,000 | |
| Listed | |||
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Charming brick rancher located in Quinton Township. Newer roof and windows, hardwood flooring and a very open back yard. There is a large 2 bay pole barn on the property, sheds and lots of room. Although the home is in good livable condition, it may require a cash sale or rehab loan if the septic does not pass inspection. It is functional at this time.The manager has listed the unit size as 1144 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017