48 Mechanic 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 |
|---|---|---|---|
| Jun 5, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | Listed by The DiRoberto Group Inc. | $299,900 | |
| Listed by The DiRoberto Group Inc. | |||
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Fantastic opportunity to purchase a turnkey home in Spencer with plenty of updates and lots of potential! This Home features 4 bedrooms and 1 Bathroom. The entire home has been updated from floors to ceiling! First floor has beautiful vinyl floors and offers 2 bedrooms, Living room, 1 Full bathroom and a beautiful kitchen! The kitchen includes brand new cabinets, appliances and quartz countertops. The bathroom also has brand new fixtures, flooring and Washer/Dryer! There is a 3-season porch off of the kitchen which leads to the fenced in backyard! The second floor offers 2 bedrooms and a playroom/home office with brand new wall to wall carpet. The entire house has been painted trim included! This home is priced to sell come check it out! Open House Sunday April 21st, 2024, from 1pm-3pm. Multiple offers deadline set for Tuesday 4/23/24 at 6:00pm! Thank you.
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| Aug 1, 2023 | Sold | ||
| Sold | |||
| Jun 16, 2023 | In contract | - | |
| In contract | |||
| Jun 6, 2023 | Listed by The DiRoberto Group Inc. | $149,900 | |
| Listed by The DiRoberto Group Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017