491 Valley Rd
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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 |
|---|---|---|---|
| Feb 2, 2023 | Sold | ||
| Sold | |||
| Oct 20, 2022 | No longer available | - | |
| No longer available | |||
| Aug 12, 2022 | Listed by Montclair | $400,000 | |
| Listed by Montclair | |||
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Value is in the beautiful large land! NO ENTRY to HOME. Come and start fresh and build your very own home set back and hidden from Valley Road on a 1/3 of an acre yet within minutes of all that Montclair has to offer. Feel free to walk the grounds, there will be n entry or in person showing. This is a total rehab/tear down. Subject to court approval, extended closing time. The manager has listed the unit size as 1150 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017