196 Drexel Street
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 |
|---|---|---|---|
| May 30, 2014 | Sold | ||
| Sold | |||
| Apr 11, 2014 | Listed by William Raveis R.E. & Home Services | $112,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Rare gem! This one owner ranch is situated on a lovely tree lined street. Property features a 3 season porch, covered patio and wonderful large yard. Interior is in need of updating, but with a little effort, this house will shine again. Updates already done for you include a newer furnace and hot water tank and almost all the windows have been replaced.The possibilities are endless and at this price, it beats renting!
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| Oct 29, 1975 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017