40 Old Schoolhouse Road
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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 |
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| Jul 15, 2019 | Sold | ||
| Sold | |||
| Apr 19, 2018 | Listed by Marie Whitney Real Estate | $339,000 | |
| Listed by Marie Whitney Real Estate | |||
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Quiet country road where privacy abounds. Well built cape on 1.75 acre level lot in beautiful cranberry country. Front to back living room with bamboo floors, pellet stove and sliders to deck. Cabinet packed, fully applianced, tiled kitchen. Formal dining with hardwood floors. Private master suite with walk in closet. 2 more bedrooms and bath complete the second floor. Hardwood floors, 6 panel doors.Hot tub and in ground pool to relax in. Large family room in lower level is mostly done, has bar, recessed lighting and a fish tank wall. Needs a little TLC but well worth the effort. Title V failed. Title V report and diagram attached. System needs to be replaced.
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| Feb 27, 2018 | Sold | ||
| Sold | |||
| Oct 29, 1997 | Sold | ||
| Sold | |||
| Jul 21, 1997 | Listed by Century 21 H & C Birchwood | $167,900 | |
| Listed by Century 21 H & C Birchwood | |||
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PRIVATE ROAD QUIET AREA. WELL BUILT HOME IN EXCELLENT CONDITION. BEAUTIFUL OAK KITCHEN AMANA GAS RANGE. HARD WOOD FLOOR IN DINING ROOM. ALL ROOMS HAVE HUNTER FANS. INGROUND POOL. 16X36 SHED. 8X16 KENNEL AREA & GARDEN AREA. THIS
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