2220 M 63
About This Property
Located in an area of upscale homes just North of Whirlpool Ad center on West side with Lake Michigan views.
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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 |
|---|---|---|---|
| May 4, 2021 | Sold | ||
| Sold | |||
| Mar 28, 2021 | Listed by Ship Street Realty | $400,000 | |
| Listed by Ship Street Realty | |||
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Lake Michigan views, close to downtown St. Joseph, Harbor Shores Golf course, Jean Klock beach and Rocky Gap beach! Large ranch style home, full B-dried basement with attached 2-car garage. Many updates in the past two years: new kitchen, some new flooring, wood floors restored, fascia, soffits, gutters and replaced concrete patio, plus much more. Great rental history (AirBNB) for the past couple of years. Can rent short term! Gross rental 2020 $70,000.00. Bookings so far this year $40,000.00.
For further details see AirBNB listing:
https://www.airbnb.com/rooms/23710411?federated_search_id=6721aeef-e391-451c-833f-ec851d619a9d&source_impression_id=p3_1616956139_zMGTXWtm5nL9IbfF&guests=1&adults=1
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| Mar 30, 2017 | Sold | ||
| Sold | |||
| Mar 7, 2017 | Listed by Ziems Agency, The | $225,000 | |
| Listed by Ziems Agency, The | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017