3307 Highway Mm
About This Property
The finished lower level provides additional living space with a large family room and half bath, along with an attached 2-car garage. Outside, enjoy the shaded backyard and covered deck, perfect for relaxing or entertaining. A detached 2-car garage/workshop provides even more parking, storage, and space for hobbies or projects. Recent improvements include new flooring, replacement windows, roof, water heater, and HVAC system. With plenty of living space, updates, and garage capacity, this home offers a lot of flexibility for today's buyer!
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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 |
|---|---|---|---|
| Nov 24, 2019 | No longer available | - | |
| No longer available | |||
| Nov 10, 2019 | Relisted | $148,000 | |
| Relisted | |||
| Oct 9, 2019 | No longer available | - | |
| No longer available | |||
| Sep 13, 2019 | Price Decreased |
$148,000
↓ $5K
(3%) | |
| Price Decreased | |||
| Aug 4, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017