246 Steere St.
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 |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 10, 2022 | Listed by Providence Real Estate Co. | $429,900 | |
| Listed by Providence Real Estate Co. | |||
| Jun 28, 2016 | Sold | ||
| Sold | |||
| Nov 15, 2007 | Sold | ||
| Sold | |||
| Oct 3, 2006 | Listed by StartPoint Realty | $299,700 | |
| Listed by StartPoint Realty | |||
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For under $299,900, you get to own a three bedroom ranch with an extra large room in the basement, and a huge detached, two car garage and workshop. Hardwood floors, fireplace living room. You have to be willing to do some cosmetic work here, though. Strip some paper, paint the dark trim white, maybe sand the pine kitchen cabinets down and re-stain them...add newer, updated hardware. But, spending a few thousand can earn equity well above $300,000 if you are willing to do the work yourself.
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