320 Absecon Terrace
About This Property
The hook-up for the washer and dryer is capped and it is in the big closet in the hall for an easy conversion. Huge closets in the 3 bedrooms upstairs. The gas fireplace in the living room is 2 sided. Wet bar, another gas corner fireplace in the huge den that leads out onto the back deck. Oversized 2 car garage with a walk-up loft for storage.
This could also be a great man cave or a game room. In the garage there is also a sports locker for all of the toys and a pantry.
Great school system, WELCOME Home!
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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 |
|---|---|---|---|
| Jul 7, 2023 | Sold | ||
| Sold | |||
| Jun 14, 2023 | In contract | - | |
| In contract | |||
| Apr 24, 2023 | Listed by Coldwell Banker Riviera Realty | $500,000 | |
| Listed by Coldwell Banker Riviera Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017