23 Carolina Ave
About This Property
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Cap Rate Calculator
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 |
---|---|---|---|
Jun 2, 2025 | Sold | ||
Sold | |||
Apr 7, 2025 | In contract | - | |
In contract | |||
Mar 12, 2025 | Listed by RE/MAX SELECT REALTY | $869,900 | |
Listed by RE/MAX SELECT REALTY | |||
Feb 6, 2020 | Sold to Betty L Anderson | ||
Sold to Betty L Anderson |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/12/2025
| |
4 Bed
|
3 Bath
|
-
|
$869,900
4 Bed
3 Bath
|
$845,000
-2.86%
06/02/2025
|
-
|
Tyler Petit
RE/MAX SELECT REALTY
|
Building Info

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