296 Phillips 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 |
|---|---|---|---|
| Nov 12, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Oct 3, 2024 | Listed by Success! Real Estate | $483,000 | |
| Listed by Success! Real Estate | |||
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Welcome to this charming well-cared-for 3-bedroom, 1-bath home, owned by the same family for the past 54 years! Step inside to an inviting fireplaced living room. Adjacent to this space is the eat-in kitchen. A few steps up from the main living area, you’ll find 3 bright spacious bedrooms, all featuring beautiful hardwood floors that flow seamlessly throughout the home. The full bathroom is centrally located to serve all 3 bedrooms. Recent updates to the home include newer heating system and central A/C. A brand-new 3-bedroom septic system will be installed by the seller. The location couldn’t be more convenient—less than a mile from the commuter rail, making for an easy commute to Boston or surrounding areas. You’ll also enjoy close proximity to local shops, restaurants, parks, and schools. With its updated systems, hardwood floors throughout, and a fantastic location, this home is move-in ready and full of potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017