2405 RAND PL NE
About This Property
The lower level includes a rec room, utility room, laundry room, storage. Will require cash or renovation financing. Zoned R-1B. Pictures of inside available upon request. Easy to see. Schedule a showing today!
Check out 2107 Rand which sold last year for $1,048,888. This is a good example of the value to expect on a totally renovated house in this neighborhood.
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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 |
|---|---|---|---|
| Apr 23, 2024 | Sold | ||
| Sold | |||
| Mar 30, 2024 | In contract | - | |
| In contract | |||
| Nov 4, 2023 | Listed by RLAH @properties | $510,000 | |
| Listed by RLAH @properties | |||
Property Highlights
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About Northeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017