2204 N 2829th Road
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 |
|---|---|---|---|
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by Starved Rock Realty | $249,000 | |
| Listed by Starved Rock Realty | |||
| Oct 30, 2018 | Sold | ||
| Sold | |||
| Sep 7, 2018 | Listed by Starved Rock Realty | $65,500 | |
| Listed by Starved Rock Realty | |||
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Home sits on 1.24 acre. Its a 2 bedroom, 1.5 bath with potential to add a bedroom and another toliet. Home does need some work, several unfinished areas. This will require a cash or conventional loan only. There is an outbuilding, pole bldg 30x50 in size, with an area of 16x30 that is insultated. There is also a shed on the property. Roof is less than 3 yrs, Well pump approximately 2 yrs old, located in the pump room at the back of the home. Well is approximately 180' Deep. There are 2 septics on the property, one in the front of the home and one on the southside of the home. Home is listed well under the assessed value. Taxes are being protested by owner as they are believed to be too high. Home will not pass USDA, FHA loan programs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017