2208 Salem Drive
About This Property
a large open floor plan garage was converted into a master bedroom and can be easily converted back. Come add the finishing
touches tons of updates, Newer roof, new hot water, new fence 2015, AC replaced 11/2016, Electrical update and new panel 8/2018,
Hurricane impact windows 2017, new pool pump 9/2020, newer blinds throughout. ALL INVOICES FOR WORK DONE ARE
AVAILABLE UPON REQUEST
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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 |
|---|---|---|---|
| Jan 5, 2022 | Sold | ||
| Sold | |||
| Jan 22, 2021 | Sold | ||
| Sold | |||
| Dec 7, 2020 | Listed by Florida Realty Results, LLC | $180,000 | |
| Listed by Florida Realty Results, LLC | |||
| Feb 6, 2014 | Sold | ||
| Sold | |||
| Dec 18, 2013 | Listed by Tropical Realty Beachside | $64,900 | |
| Listed by Tropical Realty Beachside | |||
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3 Bedroom, 3 Bath, pool home that just needs some finishing to make it your own! Converted Garage can be used as family room or extra bedroom. Within walking distance to area schools, and access to US 1. This is a Fannie Mae HomePath home and can be purchased for as little as 5% down! It is approved for HomePath Renovation Mortgage Financing. Restrictions may apply.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017