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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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 4, 2025 | In contract | - | |
| In contract | |||
| Nov 27, 2024 | Price Decreased |
$349,750
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Aug 29, 2024 | Listed by Flatfee.Com | $359,850 | |
| Listed by Flatfee.Com | |||
| | |||
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Charming open concept home located on a cul-de-sac in Mill Cottages at Hammock Bay! The flowing floorplan offers a large great room with wood-look vinyl flooring, recessed lighting, and neutral finishes to perfectly complement any decor. Your home chef never has to miss a moment in the spacious kitchen fully equipped with sleek stainless-steel appliances, a corner pantry, and a center island with breakfast bar seating. The covered patio provides a comfortable space for living or dining al fresco within the large privacy fenced backyard with plenty of space for family, friends, and pets to enjoy some fun in the sun. Retreat to the primary bedroom complete with dual walk-in closets and a luxurious en-suite bathroom where you can begin and end each day in privacy.
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| Aug 31, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017