305 ROOT Avenue
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 |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | In contract | - | |
| In contract | |||
| Jun 25, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Wolf River Real Estate, LLC | $119,999 | |
| Listed by Wolf River Real Estate, LLC | |||
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Welcome to 305 Root St, a charming Cape Cod home in the desirable Scotia school district. This cozy residence features 3 bedrooms and 1 bathroom, with potential to easily add a master suite in the spacious attic. The home boasts low-maintenance vinyl windows and siding, and includes a detached garage for ample storage and parking. This property offers a fantastic opportunity for investors or those looking to personalize their new home. Cash Only. Hard money is available. Assignment of contract. 10% EMD required at contract signing.
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| Feb 9, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017