34/36 Old Point 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 |
|---|---|---|---|
| Feb 15, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2023 | In contract | - | |
| In contract | |||
| Sep 28, 2023 | Listed by RE/MAX 360 | $850,000 | |
| Listed by RE/MAX 360 | |||
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Imagine a place where, as the day fades into evening, the view from your home frames a scene that dreams are made of. The horizon is ablaze with hues of gold and pink as the sun dips below the marsh. A haven to savor the serenity of twilight, where every night is a masterpiece painted by the hand of nature, and where the marsh's timeless beauty unfolds with each passing moment. 34 and 36 Old Point Road are that place. 34 Old Point is a 1 bedroom, 1 bath 700sq ft year round cottage with an updated kitchen, laundry hookups, pellet stove, FHA propane furnace and ductless mini split for cooling and supplemental heat. 36 Old Point is a 2 bedroom, 1 bath 728 sq ft manufactured home constructed in 1985 with FHA oil furnace and laundry hookups. Two homes on almost ¼ acre with endless possibilities to renovate, rebuild or reimagine.
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| May 26, 1982 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017