23 Merrimac Drive
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 23, 2007 | Sold | ||
| Sold | |||
| Oct 3, 2006 | Listed | $377,900 | |
| Listed | |||
| Aug 7, 2006 | Sold | ||
| Sold | |||
| Feb 26, 1999 | Sold | ||
| Sold | |||
| Sep 10, 1998 | Listed by The Network Group | $195,000 | |
| Listed by The Network Group | |||
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4 YR OLD GARRISON IN SOUGHT AFTER CULDESAC, ABUTS CONSERVATION, MINT COND. SUPER CLEAN, DREAM KITCHEN, DECK, LR&MASTER SET UP FOR FIREPLACE. FINISHED BASEMENT W/ OFFICE & FR, LOTS OF BUILT-INS, TWO STORY SHED IN YD, HURRY!!!!!
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