1623 Bahama 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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 2, 2024 | Listed by Ellis Realty | $549,900 | |
| Listed by Ellis Realty | |||
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Historically significant home in the heart of Bahama. This 1918 gem features updated kitchen and baths, first floor master suite, detached garage with shop, mancave/she-shed/shop and sunny garden plot. Other features include wrap around country front porch, fenced yard, chicken coop, grape vines, and massive magnolia. Home was built for the first doctor in the community who saw patients in what is now the first floor master. Total acreage includes .31 acre lot which has own address and a 2br perk site permit on file.
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| Feb 23, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017