304 Summit Rd
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 |
|---|---|---|---|
| May 6, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 13, 2024 | Listed by United Brokers | $429,986 | |
| Listed by United Brokers | |||
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INVESTOR/ CONTRACTOR special! Great Value! priced $68,000 lower than its assessed value. This single family home with an IN-LAW is located in a quiet and sought after neighborhood! The property has endless potential with 6 Rooms/ 3 Bedrooms/ 2 Full Bathrooms, separate formal living and dining rooms, double kitchens, enclosed porch, full basement, huge yard, detached barn style garage for 2 cars and plenty of off-street parking and work/storage space... It sure can accommodate all sorts of needs! As you step inside, you'll immediately notice the potential this home holds! Don't miss out! Cash or hard money only! No open house- only private showings! Property needs work however it has lots of potential.
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| Mar 28, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017