20 Somerset 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 13, 2018 | No longer available | - | |
| No longer available | |||
| Jul 18, 2018 | Sold | ||
| Sold | |||
| May 15, 2018 | Listed | $359,000 | |
| Listed | |||
| | |||
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Easy access into Nickerson State Park & the bike path from this desirable neighborhood just south of 6A, not far from Linnell Landing Beach! The house features gas hot water heat, newer windows & slider, a finished bonus room in the basement, plus renovations in the kitchen & baths. The remaining finishes to be done offer an opportunity to make it your own. This classic Cape has great potential for either year round, seasonal living, or a vacation rental. Private setting with natural landscaping shared with songbirds & sometimes Great Horned Owls! With 4 bedrooms & 2 full baths, this home won't last in this location & at this price! Buyers & agents to confirm all listing details. The manager has listed the unit size as 1638 square feet.
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| Feb 23, 2018 | Listed by Kinlin Grover Real Estate | $359,000 | |
| Listed by Kinlin Grover Real Estate | |||
| Oct 1, 1997 | Sold | ||
| Sold | |||
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