468 Patrick 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 3, 2024 | Sold | ||
| Sold | |||
| Aug 11, 2024 | In contract | - | |
| In contract | |||
| Jun 14, 2024 | Listed by Keller Williams Realty | $569,000 | |
| Listed by Keller Williams Realty | |||
| | |||
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Selling as-is. Great opportunity for an investor or handy owner-occupied buyer. Property has an unpermited addition that the buyer will have to take on and can be possibly permitted. Very private and secluded 3 bedroom 2 bath original permitted area of home sits on a generous .5 acre lot in the country with stunning mountain views and ample space for all your needs. In addition to the main living quarters, this property includes an umpermitted addition that adds another bedroom, bathroom, and living area. Buyer to investigate and repair/resolve any issues related to the unpermitted area on their own. Perfect for storage, guests, or a partial rental income opportunity. Don't miss the opportunity to own this exceptional property and make it your own.
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| May 23, 2014 | Sold | ||
| Sold | |||
| Jan 7, 2014 | Listed by Premier Mortgage & R.E. | $340,000 | |
| Listed by Premier Mortgage & R.E. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017