41 Watertree Drive #41
About This Property
Please note that the unit is occupied by tenants. The current lease expires June 30, 2024, so investors can start earning money right away. Tenant pays the utilities.
*OFFER DEADLINE SET BY TUESDAY 12/12 @8pm*
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
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Feb 8, 2024 | Sold | $132,000 | |
Sold | |||
Dec 16, 2023 | In contract | - | |
In contract | |||
Dec 8, 2023 | Listed by Berkshire Hathaway CNY Realty | $125,000 | |
Listed by Berkshire Hathaway CNY Realty |
Property Highlights
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Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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