48 Leonard Ter
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Cap Rate Calculator
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 22, 2023 | Sold | ||
| Sold | |||
| Mar 19, 2023 | In contract | - | |
| In contract | |||
| Mar 8, 2023 | Price Decreased |
$399,000
↓ $36K
(8.3%) | |
| Price Decreased | |||
| Jan 19, 2023 | Listed by Weichert Realtors, Wayne | $435,000 | |
| Listed by Weichert Realtors, Wayne | |||
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OFFERS DUE 3/12! On the hunt for a great starter home, or simply downsizing? Revel in this 2 bedroom, 1 full bath Ranch that offers so much more than meets the eye! Interior features include an open floor plan, adequate closet space in both bedrooms, linen closet, tub shower, hallway walk-in-closet, pull-down attic storage, & dining area fit to entertain. The kitchen is adorned with an abundance of cherry cabinetry, granite countertops w/breakfast bar, & stainless steel appliances. Laundry & utilities adjacent to the kitchen. The spacious backyard has been enhanced w/a covered deck, 8' privacy fence, & oversized one 1 garage. Past your back fence is Beverly Way Park. But it doesn't end there, you'll be within a third of a mile to NJ Transit bus stop, and "The Park at Hamburg" which includes Trader Joe's, Panera Bread, and Ulta Beauty. Wayne is ideal for ease of travel, dining and shopping options galore,, plus top-rated schools. Low taxes&utility bills make this one a no brainer!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017