2255 Michigan Street
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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%.
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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 |
|---|---|---|---|
| Apr 26, 2024 | Sold | ||
| Sold | |||
| Dec 19, 2023 | Listed by Compass Florida, LLC | $445,000 | |
| Listed by Compass Florida, LLC | |||
| | |||
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BRAND SPANKIN' NEW in a quiet country-like setting! This modern delight showcases beadboard-style doors, tray ceilings, luxury vinyl plank floors & contemporary finishes. The sunny, open plan features an expansive great rm coursing into spacious dining w/a triple slider to a breezy covered lanai overlooking a grassy backyard & tropical plants. Marbled stone counters & chic farmhouse lighting exhibit an island b-fast bar kitchen w/white cabinetry & sleek SS appliances. Relax in a comfortable primary retreat w/a walk-in closet, double stone sinks, a tiled shower & private water closet. A bdrm across the hall is ideal as an office or baby nursery. The adjacent bath flaunts a shower w/penny tile flooring. At the front of the home, 2 extra bdrms & a tub/shower bath w/dual stone sinks offer a perfect set-up for kids/guests. Situated next to the garage entry, the laundry rm is a handy drop-off spot for last-minute loads & sports gear. Close to schools, parks, shopping & I-95!
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| Dec 16, 2023 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Relisted | $425,000 | |
| Relisted | |||
| Nov 1, 2023 | No longer available | - | |
| No longer available | |||
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About City Acres
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$2,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017