407 W Front Street
About This Property
Don't miss an opportunity to get into this coveted area at a great price point! Home needs TLC, but under 200k in this area of Argyle is a great buy! Back half of lot is located in a flood zone, and the previous owners, who lived there for 40 years said water once came up to the back corner of the house. Flood insurance is mandatory on this property, at around $1,100 per year, and will need to be taken into consideration with monthly payments.
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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 |
|---|---|---|---|
| Feb 23, 2023 | Sold | ||
| Sold | |||
| Jan 5, 2023 | Listed by Nada Homes | $179,900 | |
| Listed by Nada Homes | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017