241 Passmore Road
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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 |
|---|---|---|---|
| Jul 1, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 7, 2025 | Listed by Home Quest Realty | $175,000 | |
| Listed by Home Quest Realty | |||
| Mar 29, 2022 | Listed by eXp Realty LLC | $95,000 | |
| Listed by eXp Realty LLC | |||
| | |||
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It's a great location for an investor or a big family. It's on the corner of Passmore Rd and Jorge Rd. It's walking distance to a park and a church. It's also close by to Campestre Elementary school. I suggest that it's always better to pay for the ownership than for rent of a property.
| |||
| Sep 26, 2005 | Sold | ||
| Sold | |||
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About Socorro
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$1,750 /mo
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- 1,194 ft²
$1,600 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017