40 Chippewa Drive Rear
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 |
|---|---|---|---|
| Dec 4, 2018 | Sold | ||
| Sold | |||
| Oct 1, 2018 | Listed by Pelletier Realty, Inc. | $249,000 | |
| Listed by Pelletier Realty, Inc. | |||
| May 14, 2008 | Listed by Conway - Norton | $240,000 | |
| Listed by Conway - Norton | |||
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Deeded Beach Rights and steps to the beach. There are two buildings on this property in the Indian Mound Beach area. The main house is a 2 bedroom 1 bath home with a finished basement. The cottage is 1 bedroom, 1 bath, living room and kitchen, which is currently rented but could be a nice guest quarters for family or friends. Quiet street, easy access from Route 28. New replacement windows and siding two years ago. A neat little package. Very affordable with the rental income from the cottage.
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| Jul 12, 2005 | Sold | ||
| Sold | |||
| Apr 8, 2005 | Listed by Pelletier Realty, Inc. | $299,000 | |
| Listed by Pelletier Realty, Inc. | |||
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Address: 335 Madison Avenue, New York, NY 10017