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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 |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Aug 24, 2024 | In contract | - | |
| In contract | |||
| Aug 24, 2024 | Price Decreased |
$1,099,000
↓ $26K
(2.3%) | |
| Price Decreased | |||
| Jul 1, 2024 | Price Increased |
$1,125,000
↑ $26K
(2.4%) | |
| Price Increased | |||
| May 30, 2024 | Listed by HomeSmart Realty Group | $1,099,000 | |
| Listed by HomeSmart Realty Group | |||
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Welcome to this uniquely inviting 7.5+ acre property in unincorporated Weld County (Lower Taxes!), situated just a few miles from town. See uninhibited views of the front range mountains, gorgeous sunrises and sunsets, groves of trees, wildlife, and grassy meadows. You'll be just in time to entertain on the large stamped concrete patio, with shade from the huge cottonwood tree, and to watch the kids play in the treehouse. Or sit and watch the sunset from the covered wrap-around front porch. This property also includes a shop, chicken house, tack room, horse shelter, fenced vegetable garden area and beautiful flower gardens. Inside the home, you'll see that all rooms are large and full of sunshine. With a main-floor mixed use office/formal dining room, open kitchen (with natural stone flooring, granite counter tops, and Knotty Alder cabinets), living room with gas fireplace and hardwood floors, and a sundrenched sunroom, you'll be set for comfort and versatility. The massive primary bedroom includes a gas fireplace, lots of sunlight, a large closet and large bathroom with soaking tub and standing glass shower. The basement level includes a large bedroom with full bathroom, separate storage room and open area for a workout space or additional storage. Along with the public water tap, there is an existing domestic well and a 1500 gallon underground cistern on this property. There is also the space and potential to add an Accessory Dwelling Unit (ADU) on this acreage, enabling a multi-generational living experience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017