343 Michigan Ave
About This Property
Welcome to 343 Michigan Avenue, a charming 3-bedroom, 3-bathroom family home nestled in a fantastic Saint Cloud location. This delightful property offers a perfect combination of comfort and entertainment, making it an idyllic retreat for families and those who love to host gatherings. The large front yard exudes curb appeal and provides a warm welcome to all who visit. Step into the expansive fenced backyard, a true oasis, offering endless possibilities for outdoor fun and relaxation. Enjoy the summer days with a refreshing splash in the above-ground pool, creating lasting memories with loved ones. The spacious patio is perfect for entertaining, where you can host barbecues and social gatherings with ease. For added convenience, the property includes a 2-car oversized garage, providing ample space for parking and storage. Don't miss the opportunity to make this fantastic home yours and experience a life filled with comfort, joy, and memorable moments.
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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 3, 2023 | Sold | ||
| Sold | |||
| Sep 27, 2023 | In contract | - | |
| In contract | |||
| Sep 15, 2023 | Price Decreased |
$430,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Aug 18, 2023 | Price Decreased |
$435,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jul 26, 2023 | Listed by EXP REALTY LLC | $440,000 | |
| Listed by EXP REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017