38522 N Drexel Boulevard
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 |
|---|---|---|---|
| Jun 13, 2023 | Sold | ||
| Sold | |||
| Nov 9, 2022 | Listed by My Casa Realty Corp. | $41,500 | |
| Listed by My Casa Realty Corp. | |||
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ATTENTION REHABBERS!! QUAINT 3 BEDROOM HOME IN LAKE COMMUNITY SITTING ON A HUGE LOT AND QUIET NEIGHBORHOOD. HOME HAS BEEN COMPLETELY GUTTED DOWN TO THE STUDS AND IS READY TO BE FINISHED OR YOU CAN TEAR IT DOWN AND BUILD NEW. LOT IS APPROX 50 BY 260** DETACHED 2 CAR GARAGE** CASH ONLY!!
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| Sep 24, 2022 | No longer available | - | |
| No longer available | |||
| Jun 15, 2022 | Listed by Re/Max 1st | $59,900 | |
| Listed by Re/Max 1st | |||
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**HANDYMAN SPECIAL!! HOME HAS BEEN COMPLETLEY GUTTED DOWN TO THE STUDS AND IS READY TO BE FINISHED** LOT WAS SEVERLY OVER GROWN AND HAS NOW BEEN CLEARED!! LOT IS APPROX 50 BY 260** DETACHED 2 CAR GARAGE** SEPTIC IS GRAVITY FED AND HAS BEEN CLEANED OUT** 3 BEDROOM WITH ENTIRE ATTIC AS THE MASTER** CASH ONLY!! The manager has listed the unit size as 1221 square feet.
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| Apr 25, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017