2631 Mcalpin Road
About This Property
Stunning, modern-country charmer on over 1.5 Acres! Kitchen has new quartz counters, backsplash, recessed lighting, a Smart Double Oven, new cooktop, faucet, and pantry door. Freshly painted throughout. Master bedroom has en suite with his and her walk in closets. One guest bedroom offers custom built, triple bunk beds, complete with shiplap detailing, built-in lighting, and custom ladders; new light fixtures and ceiling fans througout; high efficiency A C unit upgraded to heat pump; water heater is 2 years old; septic aerator upgraded to air pump less than a year ago; new door hardware throughout; new landscaping.
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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 16, 2021 | Sold | ||
| Sold | |||
| Apr 21, 2021 | Listed by Century 21 Judge Fite Co. | $415,000 | |
| Listed by Century 21 Judge Fite Co. | |||
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Multiple offers received. Offers need to be submitted by 3:00 p.m. on Monday April 26, 2021.
Stunning, modern-country charmer on over 1.5 Acres! Kitchen has new quartz counters, backsplash, recessed lighting, a Smart Double Oven, new cooktop, faucet, and pantry door. Freshly painted throughout. Master bedroom has en suite with his and her walk in closets. One guest bedroom offers custom built, triple bunk beds, complete with shiplap detailing, built-in lighting, and custom ladders; new light fixtures and ceiling fans througout; high efficiency A C unit upgraded to heat pump; water heater is 2 years old; septic aerator upgraded to air pump less than a year ago; new door hardware throughout; new landscaping.
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Property Highlights
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Price/ft²
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About Mission Hill
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14560833
Details provided by NTREIS and may not match the public record
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