406 Brooks Avenue
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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 |
|---|---|---|---|
| Oct 24, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Listed by Allen Tate/Raleigh-Falls Neuse | $810,000 | |
| Listed by Allen Tate/Raleigh-Falls Neuse | |||
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Be close to everything in this ADORABLY UPDATED bungalow home! This 3 bedroom, 2.5 bath home is less than 1 mile to the fabulous shopping of The Village District. This home exudes charm! As you enter, you're greeted by a warm family room with hardwood floors that run the entire main floor. Host friends and guests in the dining or bar area off the living room! The kitchen boasts granite countertops, tile backsplash & stainless steel appliances. Enjoy the cozy breakfast nook overlooking the beautiful backyard. Notice the charming beadboard walls & ceilings with beautiful light fixtures throughout. Home offers a main floor owner's suite with an impressively updated bathroom. Enjoy a beautiful, tiled walk-in shower with 4 shower heads, dual vanities and built-in storage, & bathe in the free standing soaking tub. The closet is a show-stopper designed by the well known California Closets. Half bath has been updated with nice moldings, updated light fixtures & hand painted wallpaper. Upstairs you will find 2 additional large bedrooms with storage alcoves and walk-in closets. Nestled between is the updated full bathroom, perfect for kids or guests. Curl up with your favorite book, a glass of wine, or coffee on the lovely screen porch! Host large gatherings or family dinners on the huge deck. You'll love relaxing with the view of the private backyard. The detached garage is perfect for a motorcycle, or yard equipment and has electricity and water. Rest easy as the roof is just a few years old. Home is ideally located to North Carolina State University, walkable to trendy Hillsborough St dining, shopping, bars and coffee shops.
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| Aug 24, 2021 | Sold | ||
| Sold | |||
| Jul 13, 2021 | Listed by R.A. Russell Realty, LLC | $620,000 | |
| Listed by R.A. Russell Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017