1642 OLDTOWN RD
About This Property
Paved driveway, installed outdoor electric plug both front and back , re-insulated the crawlspace
2019: Rebuilt the stairs, installed hardwired under counter lights in kitchen, put in hardwood on stairs and upstairs. 2020: New gutters with built in metal gutter guard, stone patio and fire pit, split cable from family into primary bedroom, updated landscaping. 2021: New heat pump, installation of new stone, backsplash in kitchen. 2022: Installed larger pantry, redid master bathroom with new fixtures, new high powered garbage disposal in kitchen , uv system in kitchen. 2023: New front and back doors with digital lock.
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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 |
|---|---|---|---|
| Sep 25, 2023 | Sold | ||
| Sold | |||
| Aug 22, 2023 | In contract | - | |
| In contract | |||
| Aug 20, 2023 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Aug 10, 2023 | Listed by Lofgren-Sargent Real Estate | $460,000 | |
| Listed by Lofgren-Sargent Real Estate | |||
| Aug 1, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017