255 S John Douglas Road
About This Property
Charming home in downtown Van Alstyne is ready for its new owner! Lovingly named, Eye of the Storm, by its current owner, this humble abode has been the epicenter of comfort and peace for many decades.
Home features many of the original details including woodworking, paneling, and floors which add to its character and charm. Versatile floorplan and within walking distance to all that downtown Van Alystne has to offer. House would make a fantastic AirBnB or rental.
Home needs some TLC and is priced to allow for the new owner to make improvements. Schedule your showing today to see this lovely home for yourself.
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Sep 29, 2024 | Listed by Real | $120,000 | |
| Listed by Real | |||
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About Van Alstyne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017