2 Lee Rd
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 |
|---|---|---|---|
| Aug 31, 2021 | Sold | ||
| Sold | |||
| Jul 22, 2021 | Listed by Fitzgerald & Associates | $479,900 | |
| Listed by Fitzgerald & Associates | |||
| Jan 15, 2018 | Sold | ||
| Sold | |||
| Aug 19, 2017 | Listed by Neil Real Estate | $289,900 | |
| Listed by Neil Real Estate | |||
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HUGE price reduction! What are you waiting for? This adorable Bungalow/Ranch style home has been lovingly lived in for many years, but it's time for new owners to revamp and remodel! Situated on a small city lot (think easy exterior maintenance) but located next door to the North Reading Middle School, what potential this quaint place has! This is where you build equity and make it absolutely what you want. The garage will most likely be taken down to make way for the new septic system and will NOT BE REPLACED! The plus side: new septic, heating system and hot water tank are within 10 years, most newer windows.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017