18 Phoenix St
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 |
|---|---|---|---|
| Feb 4, 2011 | Sold | ||
| Sold | |||
| Dec 1, 2010 | Listed by Hearthstone Realty | $39,900 | |
| Listed by Hearthstone Realty | |||
| | |||
|
In -town lot. Zoned for multi-family use. Unique parcel. Investors take note. Rare opportunity to build a new multi-family home. Close to commuter rail, schools, and shopping with a private back yard. This is the perfect lot in the perfect location to start making some rental cash. Come for a visit today. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage Financing.
| |||
| Jun 28, 2010 | Listed by RE/MAX Prestige | $39,900 | |
| Listed by RE/MAX Prestige | |||
| | |||
|
In -town lot. Zoned for multi-family use. Unique parcel. Investors take note. Rare opportunity to build a new multi-family home. Close to commuter rail, schools, and shopping with a private back yard. This is the perfect lot in the perfect location to start making some rental cash. Come for a visit today. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage Financing.
| |||
| Feb 8, 2010 | Listed by RE/MAX Prestige | $110,000 | |
| Listed by RE/MAX Prestige | |||
| Dec 2, 2009 | Sold | ||
| Sold | |||
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