344 Main
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 |
|---|---|---|---|
| Aug 14, 2025 | Sold | ||
| Sold | |||
| Jun 20, 2025 | In contract | - | |
| In contract | |||
| Jun 3, 2025 | Price Decreased |
$165,000
↓ $25K
(13.2%) | |
| Price Decreased | |||
| Jan 28, 2025 | Listed | $190,000 | |
| Listed | |||
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A historic 1887 Hilltown icon, this property presents an opportunity to renovate a house in the heart of Plainfield. Recent renovations include a new septic system, drilled well, and updated insulation and bulkhead. The property is designed as a two-family residence with two kitchens and can be remodeled for that purpose. It comprises eight rooms, including four bedrooms, two full bathrooms, and one half bathroom. The property features a spacious backyard with a large shed/garage and an attached barn. If you have been seeking a property to renovate with your own labor, this is an excellent opportunity to consider.
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| Nov 23, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017