5 Balsam Road
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 |
|---|---|---|---|
| Feb 28, 2020 | Sold | ||
| Sold | |||
| Jan 15, 2020 | Listed by Monarch Realty Group, LLC | $269,900 | |
| Listed by Monarch Realty Group, LLC | |||
| Feb 26, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $229,900 | |
| Listed | |||
| | |||
|
Perfect starter home with nice level lot. Three bedrooms, one bathroom, cute kitchen with plenty of possibilities. Close to highway for easy commute. This is a Fannie Mae Home Path property. First Time Buyer’s, complete the HomePath Ready Buyer homeownership course, attach certificate to offer and request up to 3% closing cost assistance. See attached flyer for more details. Restrictions apply.The manager has listed the unit size as 944 square feet.
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| Jul 20, 2017 | Listed by Monarch Realty Group, LLC | $169,900 | |
| Listed by Monarch Realty Group, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017