2109 Ursuline 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 |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Nov 25, 2024 | In contract | - | |
| In contract | |||
| Nov 10, 2024 | Listed by Dennie Hodge | $209,000 | |
| Listed by Dennie Hodge | |||
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Investor special in beautiful Galveston Island. This terrific house is just 4 blocks from the beach and is ready for your finishing touches. LOCATED IN A TAX OPPORTUNITY ZONE which has great tax advantages for the investor. This 2 bedroom, 1 bathroom house has a recent addition built onto the back to accommodate a second bathroom and separate laundry room. Original hardwood floors upstairs and the original floors still present under the subfloor plywood downstairs. High ceilings and large windows. Shiplap ceilings have been exposed in the upstairs bedrooms and you could do the same downstairs. The house sewer line is PVC and the water supply lines are PEX.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017