49 Locust Rd
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 |
|---|---|---|---|
| May 26, 2023 | Sold | ||
| Sold | |||
| Apr 4, 2023 | In contract | - | |
| In contract | |||
| Mar 7, 2023 | Listed by REMAX Coastal Properties | $649,900 | |
| Listed by REMAX Coastal Properties | |||
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Looking for a year round home in Orleans? Look no further! This 3 bedroom 1.5 bath home has been meticulously cared for by its current owners. Situated in a quiet neighborhood, this home sits in the limited business zone and is convenient to the bike trail, restaurants, shopping, houses of worship and everything Orleans has to offer. The living floor of this home is the lower level and has hardwood floors throughout. The kitchen is well laid out and has stainless steel appliances(stove is 2 years old) and a center island. Laundry, mechanical room (hot water tank roughly 5 years old), storage and a half bath are all on this floor. All the electrical outlets have been replaced on this floor and new storms on all the front windows. This floor is heated by forced hot water powered by gas. Upstairs you will find the sleeping quarters, office and full bath. At the top of the stairs is a nook perfectly suited for office space or a reading room. The oversized primary connects to the full bath,
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| Jan 1, 2023 | No longer available | - | |
| No longer available | |||
| Nov 7, 2022 | Price Decreased |
$645,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017