21924 Bailey Grove Road
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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 |
|---|---|---|---|
| Jul 30, 2021 | Sold | ||
| Sold | |||
| Jun 18, 2021 | Listed by CB&A, Realtors | $399,900 | |
| Listed by CB&A, Realtors | |||
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2021 barely lived in 2 bedroom 2 bath home in the beautiful countryside of Montgomery. True gourmet kitchen with 3 ovens, huge island, microwave drawer, tons of counter space and custom cabinets built on site. Would be very easy to convert to a 3 bedroom house. The property also includes a 40x75 building with 2 covered RV spaces on each end with 50 AMP service and water access. Also on property there is a 37 KW back up generator for the house and the shop! The perfect spot for anyone who loves country living but still wants to be in close proximity to Montgomery's array of amenities such as restaurants, shopping, parks, etc. Don't miss this one!
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Property Highlights
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Price/ft²
Listed On
Sold On
About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017