3021 NE 11th Terrace
About This Property
This freshly painted home has all new drywall, a perfectly remodeled bathroom, brand new A/C system, new roof with all new truss package, all new LVP floors and a resurfaced driveway.
But there's more than meets the eye! It's what you can't see that sets this home apart from the others such as all new plumbing in the kitchen and bathroom, new electric-150 Amp entire home upgrade with underground service and 3 new Gumbo Limbo trees in the front yard. This home also has a well water pump to water those new trees!
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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 |
|---|---|---|---|
| Mar 17, 2023 | Sold | ||
| Sold | |||
| Dec 7, 2022 | Listed by Altru Realty | $349,000 | |
| Listed by Altru Realty | |||
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About Cresthaven
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017