489 Midway DRIVE #A
About This Property
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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 |
|---|---|---|---|
| Mar 21, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
| Feb 2, 2024 | Relisted | $123,000 | |
| Relisted | |||
| Jan 31, 2024 | In contract | - | |
| In contract | |||
| Jan 11, 2024 | Price Decreased |
$123,000
↓ $6K
(4.3%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/19/2023
|
2 Bed
|
2 Bath
|
1054 ft²
|
$128,500
2 Bed
2 Bath
1054 ft²
|
$109,000
-15.18%
03/21/2024
|
David Wineriter
FONTANA REALTY EAST OCALA
| |
|
08/07/2021
|
2 Bed
|
2 Bath
|
1054 ft²
|
$79,500
2 Bed
2 Bath
1054 ft²
|
-
-
|
David Wineriter
FONTANA REALTY EAST OCALA
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017