488 Ash 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 |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Dec 3, 2024 | Listed by RE/MAX Synergy | $369,900 | |
| Listed by RE/MAX Synergy | |||
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West Side is the Best Side! Welcome to this charming 3-bedroom, 1.5-bath, two-story bungalow, perfectly situated for convenience and opportunity. Located just minutes from the highway entrance and the T station, this home is a commuter's dream! Plus, it's within walking distance to the local high school, junior high, and elementary schools, including the Kennedy. While this house needs a little TLC, it’s nothing you can’t handle! It’s a fantastic opportunity for first-time buyers with a 203k loan to make it their own, or for flippers, contractors, and savvy investors to unlock its full potential. The oversized 1-car garage provides extra space for storage or a workshop, and the backyard is ready for entertaining or relaxing. Don’t miss your chance to bring your vision to life in this highly desirable location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017