3980 Bailey 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 |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 18, 2024 | Listed by Slate Group Realty, LLC | $429,900 | |
| Listed by Slate Group Realty, LLC | |||
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Caroline A Plan by LHA Homes LLC. Large 1.08 acre lot with NO HOA! Features gray cabinets and large island with quartz tops. Kitchen opens to family room. Large master suite features tile floor/shower, quartz tops and generous sized walk-in closet. Craftsman style exterior construction includes brick water table with remainder fiber cement. Large Lots and No HOA! $15,000 in closing cost paid with Preferred lender. House will be ready for February 2024 closing.
*Interior photos are stock photos of similar plan and are intended to represent the interior finishes of the home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017