186 N Madison Avenue
About This Property
This beautiful 4 bedroom, 2 bathroom North Monrovia home has been recently updated, creating a residence ready for a new owner to move into. These upgrades include the home's exterior and interior being painted while, in addition, both bathrooms were remodeled in light neutral colors. The lovely kitchen has freshly painted cabinets along with updated appliances, such as a new kitchen faucet and dishwasher, along with granite counter tops and a counter bar for seating. Within the home, window blinds and ceiling fans with lighting have all been recently added to make this home that much more enjoyable. In addition, new rain gutters were installed within the past year.
This home of 2,049 sq.ft. has a spacious open floor plan. The traditional living room holds a wood burning fire place and beautiful French windows that overlook the backyard while the formal dining room has floor to ceiling French windows. Both rooms possess wonderful natural lighting. The TV/Family room has double French doors that open to a bright, sunny covered patio. This lovely Monrovia home is sure to impress!!
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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 13, 2017 | Sold | ||
| Sold | |||
| Jun 13, 2017 | Listed by Art Del Rey Realty, Inc. | $898,000 | |
| Listed by Art Del Rey Realty, Inc. | |||
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About Monrovia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017