304 N Farmer Drive
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 |
|---|---|---|---|
| Aug 2, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by EXP Realty LLC | $148,000 | |
| Listed by EXP Realty LLC | |||
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Introducing an irresistibly charming home and a perfect rental investment opportunity. This cute home has been a beloved residence for the same tenants for over 8 years, highlighting its desirability and appeal. With a rich history and enduring character, this property features 2 bedrooms and 1 bath, and offers a cozy and intimate living space. With tenants who have been loyal residents for years, this property presents a unique opportunity for investors seeking stability and reliable rental income. Nestled on its own lot, this property offers privacy and a sense of ownership. The shared drive with the neighboring home allows for convenient access and the potential to acquire both properties, optimizing your investment potential. Located within a block undergoing a facelift, this property is surrounded by the excitement of new homes being built across the street. If you're an investor seeking a stable rental property with long-term tenants and an excellent location poised for transformation, look no further. Neighboring home is 302 N Farmer Dr. and we'd love to sell them together!
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| Dec 15, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017