4745 HICKORY NUT PLACE
About This Property
Located on a quiet street, this lovely home sparkles from top to bottom. It features a wonderful open floor plan, which is perfect for entertaining. Sit out on the screened porch and enjoy a nice fall breeze will reading the morning paper, or cozy up to the fireplace in the bonus room just off the kitchen. Stainless kitchen appliances have just been added, some bath updating has been completed and new living room carpet has been installed. The house has also been professionally painted throughout. If you want to be in your new home for the holidays without the hassle of making improvements, this is it. Don't miss this great opportunity to own this spectacular one-level home in Montclair. There are abundant community activities for everyone. Enjoy time on the lake, beach, recreational facilities and more.
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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 17, 2021 | Sold | ||
| Sold | |||
| Oct 8, 2021 | Listed by Corcoran McEnearney | $450,000 | |
| Listed by Corcoran McEnearney | |||
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About Montclair
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017