505 Palos 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%.
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 |
|---|---|---|---|
| Nov 11, 2021 | No longer available | - | |
| No longer available | |||
| Oct 9, 2021 | In contract | - | |
| In contract | |||
| Oct 7, 2021 | Price Decreased |
$199,900
↓ $10K
(4.8%) | |
| Price Decreased | |||
| Sep 28, 2021 | Listed by Landmark Realtors | $209,900 | |
| Listed by Landmark Realtors | |||
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You own the Land! 3 bedrooms/2 baths! Charming one-level corner lot home with spacious flexible floor plan. Large living room with space & fixture for a formal dining room set next to a beautiful, lighted china cabinet. Kitchen looks out over breakfast bar and family room (or dining set). Kitchen features stainless steel appliances. Spacious combo laundry room and office with built-in desk & many cabinets. Large master bedroom with huge, lighted, walk-in closet. Master bathroom has twin vanities & twin sinks with garden tub & separate walk-in shower. Two additional bedrooms are good size as is the 2nd bath with oversize shower stall. Plenty of storage throughout. Enjoy your fruit trees (tangerine & grapefruit) from the serene front porch. Huge storage shed. Spacious carport . HOA is only $60/YEAR. Sierra Dawn North 55+ community. Terrific walking community with sidewalks & streetlights! You have found your new home! The manager has listed the unit size as 1800 square feet.
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| Mar 16, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017