38791 Bailiff Road
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 |
|---|---|---|---|
| Apr 24, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | Listed by Broker Town, Inc. | $265,000 | |
| Listed by Broker Town, Inc. | |||
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by Overland Realty | $139,000 | |
| Listed by Overland Realty | |||
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This property has a great location within walking distance of town and encompasses just over three-quarters of an acre. It features a two-bedroom, two-bathroom manufactured home that, with some tender loving care and updates, has the potential to become a charming and modest residence. The entire property is fenced, and a private deck at the rear offers access to the interior through sliding glass doors. Notably, both the septic tank and well pump have been recently replaced. Additionally, the property operates under a shared well agreement. This is a single wide mobile home with a 433 foundation.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017