4331 GROSS MILL ROAD
About This Property
Just think about how much $5K worth of improvements could do for this property.
This quaint rancher is nested on the side of a hill with beautiful views off the front deck. It has a open floor plan for the kitchen, dining area, and living room. There are 2 bedroom upstairs along with a full bath. The living room has a fireplace waiting for you on a chilly evening of sitting by the fire. The basement has a 1 car plus garage. The laundry room has a half bath with a washer and dryer. Their is a large bedroom next to the garage with a 6x6 slider to enjoy the view. The bedroom has a large fire place as well. Come see this rancher with so much potential.
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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 |
|---|---|---|---|
| Nov 2, 2023 | Sold | ||
| Sold | |||
| Oct 1, 2023 | In contract | - | |
| In contract | |||
| Sep 14, 2023 | Listed by Coldwell Banker Realty | $349,900 | |
| Listed by Coldwell Banker Realty | |||
| Jun 16, 2022 | Sold | ||
| Sold | |||
| Mar 9, 2022 | Listed by Coldwell Banker Realty | $284,900 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017