4412 Michigan Street
About This Property
Seller is offering the property at below market with no repairs andor seller contributions. Seller is not aware of repairs that are needed. They will convey the Kitchen fridge and washer and dryer with a negotiableacceptable offer. Also there is furniture that can be left for the buyer with acceptablle offer.
Seller does not have a survey, she inherited after mothers death. Survey will be negotiable with acceptable offer only as well as a Service Warranty. Water heater is newer and roofer 2024.
Living and Primary Bedroom measurements must be verified by Buyer
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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 |
|---|---|---|---|
| Aug 5, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | Listed by Harrell Realty Company | $160,000 | |
| Listed by Harrell Realty Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017