24 Hemlock Dr
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 |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Listed by RE/MAX Executive Realty | $450,000 | |
| Listed by RE/MAX Executive Realty | |||
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Great opportunity for the investor/contractor - must be cash or rehab loan only due to failed septic (buyers responsibility). This 3 bedroom ranch has a lot of potential. Hardwood floors throughout, Fireplace LR, separate laundry/mud room on first floor and a large porch overlooking private backyard. The basement has good storage as well as the 1 car attached garage. New water heater and gas heating system. In a nice quiet neighborhood, this home could be the perfect project. Showings begin at open house Thursday 5th 4:30 - 6:00pm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017