2324 Gerber Drive
About This Property
Beautiful 2 story home featuring 3 bedroom 2 and 1 half baths. First floor features stone gas burning fireplace, updated kitchen with custom tile, stainless steel appliances, gas range, custom crown molding, spacious pantry and additional storage under the stairs. Spacious living area and formal dining or flex room. Wrought iron spindle staircase leads you to the second floor features wood floors, master bedroom with updated master bath with separate shower and double sink, and walk in closet. Lights throughout the home have dimmers. Covered back patio, board on board wood fence.
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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 |
|---|---|---|---|
| Jan 31, 2023 | Sold | ||
| Sold | |||
| Dec 31, 2022 | Listed by Coldwell Banker Apex, REALTORS | $270,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017