40 Myrtle
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 29, 2010 | Sold | ||
| Sold | |||
| Aug 31, 2010 | Listed | $249,974 | |
| Listed | |||
| Jul 16, 2010 | Sold | ||
| Sold | |||
| Apr 20, 2010 | Listed | $169,900 | |
| Listed | |||
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This property is approved for HomePath Mortgage or home path renovation.Convenient to local amenities.Hardwood floors thru out,nice lay out. Purchase this property with 3% down.The acceptance of good faith monies in escrow without an executed P&S Agreement does not bind the seller.Multiple offers and highest and best is due by 3pm on 04/22/2010.
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| Feb 27, 2006 | Sold | ||
| Sold | |||
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