178 Timbergrove
About This Property
This home had updates in 2017 which included paint, new counter tops, new flooring and bathroom upgrades. In addition to attached garage, this home has detached garage that would make a great workshop or storage plus an RV carport. There has been an addition added to back of home that includes an outdoor kitchen and a 3/4 bath. The storage area in the house garage has CAH and is presently being used as an office. Access to a private lake for fishing, kayaking or canoeing.
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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%.
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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 |
|---|---|---|---|
| Jan 21, 2022 | Sold | ||
| Sold | |||
| Jul 17, 2021 | Listed by Country World Realty, LLC | $299,900 | |
| Listed by Country World Realty, LLC | |||
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Spacious brick home located in Forest Springs subdivision. Home sits on 2.78 acres of land that is cleared and has detached garage/workshop along with garage that is attached to home.
This home had updates in 2017 which included paint, new counter tops, new flooring and bathroom upgrades. In addition to attached garage, this home has detached garage that would make a great workshop or storage plus an RV carport. There has been an addition added to back of home that includes an outdoor kitchen and a 3/4 bath. The storage area in the house garage has CAH and is presently being used as an office. Access to a private lake for fishing, kayaking or canoeing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017