3005 Rust Avenue
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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 6, 2023 | Sold | ||
| Sold | |||
| Sep 5, 2023 | Listed by Red Diamond Realty | $145,000 | |
| Listed by Red Diamond Realty | |||
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Discover potential and convenience in this 2-bedroom/optional 3-bedroom, 1-bath home gem. With a 2-car carport and a versatile storage shed/workshop, this property offers room for creativity and expansion, with just a few modern updates it is an ideal choice for your first home or investment property. Appreciate the peace of mind knowing that the roof was updated in 2011 and the windows were replaced in 2009. Centrally located in Texas City, enjoy easy access to shopping, schools, and refineries. The fully fenced backyard adds privacy and security. Don't miss out on this opportunity to shape your dream space in a prime location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017