428 Otter River Rd
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 |
|---|---|---|---|
| Jul 12, 2017 | Sold | ||
| Sold | |||
| Feb 17, 2017 | Sold | ||
| Sold | |||
| Oct 7, 2014 | Listed by Mercury Real Estate | $125,000 | |
| Listed by Mercury Real Estate | |||
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This 3-bdrm ranch offers so much more than you can see from the road. A beautiful family room addition off the rear of the home has a wood cathedral ceiling and sliders to a good-sized back deck. The living room has a fireplace and all appliances go with the house. 3 bedrooms, a full bath and an open kitchen/dining area complete the main living space. The basement is partially finished and offers addtnl room for an office or game room (or a combo of both). A buderus oil burner makes the home very efficient to heat, and updated windows (with removable wooden inserts), vinyl siding and roof are low maintenance. A lovely front porch and 2 back decks overlook the almost half-acre lot. Septic failed Title V inspection (new system needed), mold remediation in attic is likely necessary, some pipe damage. *Sold As Is* *HOME WILL LIKELY NOT QUALIFY FOR MOST LOAN TYPES (due to lot size
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017