28 Bailey Street
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 30, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2021 | Listed by Muse and Associates Real Estate | $134,900 | |
| Listed by Muse and Associates Real Estate | |||
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Take a look at this cute and charming cape perched high on a hill in beautiful Springfield, on a lovely in town lot with landscaped grounds. Enter into the bright Sun Room, where you can enjoy your morning coffee or the evening beverage. The large kitchen could host a center island if desired. The living/dining room features a propane stove to cozy up to on those chilly evenings. 2 bedrooms and a newly remodeled bath complete the first floor living space. The second floor offers many options, possible in-law space with bathroom, bedroom, living room with balcony and a possible kitchen redo. This home has had numerous improvements, including a new furnace, new oil tank, wiring and more.
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| Nov 22, 2019 | Sold | ||
| Sold | |||
| Oct 31, 2019 | Listed by Muse and Associates Real Estate | $129,000 | |
| Listed by Muse and Associates Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017