240 Janice Drive
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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%.
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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 |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | Listed by Corcoran Classic Living | $275,000 | |
| Listed by Corcoran Classic Living | |||
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Who doesnt love a 1960s brick ranch and at $275k?! Welcome to 240 Janice Drive, a 1532 square foot home on almost half an acre, ideally located on the Westside of Athens between Whitehead Road and Homewood Hills. Built in 1967, the exterior of the house is eye-catching with its prominent wall of mid-century windows. Inside, the interior showcases beautiful hardwood floors throughout most of the house. The large living room is bathed in natural light and flows to the dining room and adjacent kitchen. The kitchen features granite countertops and fun black and white checkered flooring, and includes an exterior door to the deck and backyard. The floorplan unfolds in a similar manner to many ranches, with a central hall leading to 3 bedrooms and a full bath. The full bath also houses the included washer and dryer in a laundry closet. The bedrooms stand out with fun, bold colors and painted real wood paneling. The backyard is sprawling AND fully fenced for any furry friends. A new wood patio is right off the kitchen, and an included shed provides additional storage. Infrastructure upgrades include a 3-year old roof with gutters, new water supply line from the meter and new sewer line to the street. The HVAC was serviced in April 2024. The crawlspace has been improved with a new vapor barrier, and there is a current termite bond on the house. Convenience is key with the new Publix at Oak Grove less than 2 miles away, Normaltown restaurants and Bishop Park 2 miles away, and the University of Georgia just 4 miles away. Come take a look at this brick charmer today!
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| Oct 5, 2021 | Sold | ||
| Sold | |||
| Sep 2, 2021 | Listed by Harry Norman Realtors | $195,000 | |
| Listed by Harry Norman Realtors | |||
| Jun 30, 1999 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017