462/422 Old Cleveland 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 26, 2022 | No longer available | - | |
| No longer available | |||
| May 23, 2022 | Sold | ||
| Sold | |||
| Apr 29, 2022 | In contract | - | |
| In contract | |||
| Apr 12, 2022 | In contract | - | |
| In contract | |||
| Apr 9, 2022 | Listed by Keller Williams Lanier Partner | $169,900 | |
| Listed by Keller Williams Lanier Partner | |||
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Investors' dream! Take a look at this newly renovated cottage conveniently located in Cornelia. Open floor plan allows for full use of the space available. One large bedroom and one small bedroom. There is an additional home on property that is not livable at this time and used only for storage (no bathroom or kitchen). However, this home could be renovated with the investment of time and money. Great opportunity to own in town rental property or for a cozy private home and maybe a "she" shed or a "man" cave or a play house. The possibilities are only limited to what your mind can imagine! Contact listing agent for name of lenders that are willing to do financing on this property. (Square footage is from public records and therefore is not guaranteed.) The manager has listed the unit size as 864 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017