20000 M-60
About This Property
The home has been completely remodeled in the last five years, inside and out, including new siding, metal roof, and all new windows and doors. The new septic system was installed in 2021. The current owners contracted the stunning overhaul of the exterior in 2023, as well as installation of a new deep water well. The brand new, maintenance-free Trex deck, and expansive stone patio with gas fire pit are great for easy entertaining, and the low-voltage lighting installed throughout the gorgeous landscaping makes the property glow at night. To further ensure ease of maintenance, a lake-fed sprinkler system was also installed, and the concrete seawall was reinforced with stacked boulders.
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Cap Rate Calculator
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 9, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2024 | In contract | - | |
| In contract | |||
| Jul 22, 2024 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Jul 8, 2024 | Price Decreased |
$575,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Jun 15, 2024 | Price Decreased |
$595,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017