40 Yale 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 |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 10, 2024 | Listed by Milestones Realty | $450,000 | |
| Listed by Milestones Realty | |||
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Adorable, (not too tiny) easy to maintain 3 bedroom 1 bath straight ranch is MOVE-IN READY! Sited on a generous corner lot just 1 block from Lower Chandler Pond! Nicely renovated in 2019: roof, windows, electrical, siding, insulation, side deck/stairs as well as septic. Oak flooring throughout, kitchen floor is wood-look porceline tile. Efficient GAS furnace '16. According to FEMA map and Flood Determination Report (attached) house itself is NOT in a flood zone however, a sizable portion of the property is wetlands and lies with Flood Zone A. Majority of fencing is cedar though wetlands is separated by basic metal chicken wire. Septic is in front of house, facing Harvard Street. Not likely you can expand footprint, however may be able to go up if interested. Newer 8x10 shed. Basement got small amount of water after March deluge as shown in pics and video. Title V ordered. License to Sell is NOT REQUIRED. Subject to Fiduciary Clause. Highest and best due by 5pm Mon April 15.
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| Jul 22, 2019 | Sold | ||
| Sold | |||
| May 7, 2019 | Listed by Milestones Realty | $329,900 | |
| Listed by Milestones Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017