48 Locust Drive
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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 |
|---|---|---|---|
| Aug 12, 2020 | Sold | ||
| Sold | |||
| Jun 5, 2020 | Sold | ||
| Sold | |||
| Mar 20, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Listed | $479,000 | |
| Listed | |||
| | |||
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Diamond Wide Line Hi-Ranch In A Great Location -Lots Of Potential Completely Remodeled From A-Z. Well Located-Walk To Shopping Center.- Easy Access To Major Hwy-Features: Amazing Open Living Area-Beautifully Built EIK W/Island- Adorable Dining- 2 Full Design Bath-Master Bed-4 Queens Beds-2 Car Garage With A Beautiful Title Floor-Huge 4 Car pavers Driveway-Patio-Over Sized Back Yard-Hardwood-Lots Of Room For All-New Boiler-Come To Visit This Gorgeous Hi Ranch. The manager has listed the unit size as 1900 square feet.
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| Feb 27, 2020 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017