20 Westmorland Dr
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 |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Nov 4, 2024 | Listed by ERA Key Realty Services- Auburn | $249,600 | |
| Listed by ERA Key Realty Services- Auburn | |||
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Nicely sized cape needing attention. One car garage under . Very nice neighborhood surrounds this property. Fourth bedroom potential on first floor, closet around corner of bedroom which will lead into first floor bath. Needs someone willing to put in the sweat equity restore this home to its original beauty. This will require a cash sale or rehab loan. Investors looking to expand their portfolio, this may be the investment for you. Home being sold 'as is' buyer to do due diligence. NOTE: Multiple offer situation: seller is requesting highest and best by 11/20/24 by 12:00 PMThis is being sold strictly 'as is"
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| Dec 19, 2019 | Sold | ||
| Sold | |||
| Jun 21, 1999 | Sold | ||
| Sold | |||
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