46547 Merrick Drive
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 |
|---|---|---|---|
| Sep 15, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $185,000 | |
| Listed | |||
| | |||
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Where to begin? This home is being sold by the original owners. It has views from every window. The wrap around deck is nice for morning coffee and evening wine. There is a spacious living room and bedroom downstairs. Upstairs has a large family room, kitchen and 2 beds and 2 baths. Home will require some work. Master bathroom has never been finished. Drywall is up, bathtub and toilet have been installed, all electric and plumbing has been done but that is it. It's waiting for your final touches. Also the bedroom downstairs has a closet large enough and plumbed to be turned into bathroom. The two french doors that lead to the living room were in the Patrick Swayze movie "Point Break". Sellers can't say enough about how great all the neighbors are and how quiet it is. The road is maintained by various owners on the street. Home is priced to sell in it's current conditionThe manager has listed the unit size as 1577 square feet.
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| Jun 15, 2017 | Listed by RE/MAX BIG BEAR | $185,000 | |
| Listed by RE/MAX BIG BEAR | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017