2315 Norma Drive
About This Property
CASH AS-IS. Investors wanted.This house would be great for a starter home, rental or flip. 3 bedrooms, 1.5 bath house on oversized lot. There are 2 20x20 garages in the back with rear entry that can fit two cars in one of the garages. Perfect location. Close to the interstate and shopping. Endless possibilities. With a little TLC this home can be amazing.
* Can close quick. Title is already open and ready at Tiago Title in Dallas with Mary
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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 |
|---|---|---|---|
| Nov 25, 2024 | Sold | ||
| Sold | |||
| Nov 2, 2024 | In contract | - | |
| In contract | |||
| Oct 25, 2024 | Relisted | $198,000 | |
| Relisted | |||
| Sep 26, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Price Decreased |
$220,000
↓ $7K
(3.1%) | |
| Price Decreased | |||
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About Big Town Estates
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$1,915 /mo
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- 1,617 ft²
$2,100 /mo
- 3 Beds
- 2 Baths
- 1,409 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017