47 Westminster St
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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Mar 9, 2024 | Listed by First Place Realty | $179,000 | |
| Listed by First Place Realty | |||
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Large Fixer Upper on good sized lot has newer roof, updated furnace, electric panel & rear deck, some replacement windows and loads of potential once fixed up. Property is located in the McKnight Historic District
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| Jun 13, 2018 | Sold | ||
| Sold | |||
| Apr 5, 2018 | Listed by NextHome Elite Realty | $59,987 | |
| Listed by NextHome Elite Realty | |||
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Investors take notice! Here is a money making opportunity to fix and flip - or rent for tremendous cash flow. Great for Investor or handy owner occupant looking to build sweat equity. Large colonial style home with lots of character and a nice enclosed front porch. This home features 5 bedrooms, 1.5 baths, large rooms, beautiful woodwork and hardwood floors. This homes does need rehab work and is being sold in "as-is" condition.
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