2362 GILLIS RD
About This Property
The lower level offers a cozy bedroom, a full bathroom, and a versatile recreation area with a wood-burning fireplace and a second kitchen, perfect for an income-generating rental or an in-law suite.
Car enthusiasts and hobbyists will appreciate the detached 4-car garage with heating, providing versatile space for an entertainment room, billiard room, or workshop. The expansive driveway offers ample parking for up to six vehicles or additional space to accommodate an RV or boat.
This fantastic property also features a large shed conveniently located in the private, flat backyard. Don't miss the opportunity to make this delightful split-foyer farmette your own!
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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 |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Price Decreased |
$550,000
↓ $50K
(8.3%) | |
| Price Decreased | |||
| Jun 4, 2024 | Listed by EXP Realty, LLC | $600,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017