504 Salem Drive
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%.
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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.
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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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 15, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $69,900 | |
| Listed | |||
| | |||
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Classic summer lake cottage, built in 1972. Located on a private road, jointly maintained by the Seller and other landowners on the road. Deeded ROW to lake across the road from the camp. 2 bedrooms, open kitchen/dining/living room, bath with shower and 8' x 24' enclosed front porch. Large lot (.62 acre) with lots of road frontage. Drilled well and septic on site. House is being sold "as is" and hopefully the new owner will enjoy it as much as this family has for past 40 years! The manager has listed the unit size as 768 square feet.
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| Aug 7, 2017 | Listed by Jim Campbell Real Estate | $69,900 | |
| Listed by Jim Campbell Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017