507 Hammond 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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| May 27, 2024 | Listed by HomeSmart | $300,000 | |
| Listed by HomeSmart | |||
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This lovely Statham home offers a unique opportunity for multi-generational families, small business owners, or those seeking rental income, including short-term rental potential. The main house features three bedrooms and two full bathrooms, while an attached apartment provides an additional one bedroom and one bathroom, perfect for extended family or rental purposes. This property is a great investment and is listed at $5,000 under its appraised value. Conveniently located in the charming town of Statham, this location between Atlanta and Athens canCOt be beaten with its easy access to GA-316. In town, youCOll find several locally owned restaurants and businesses and the community is known for itCOs small-town friendliness. This ranch home is nicely landscaped and exudes curb appeal. The great room impresses with a cathedral ceiling, a large window for natural light, and a ceiling fan, creating an open and airy atmosphere. The kitchen is well-appointed with ample wood cabinetry, additional counter space, and a vaulted ceiling that extends over the sunny breakfast nook. A formal dining room also provides additional dining space. The primary bedroom is large and includes an en suite primary bathroom with generous counter space and a walk-in closet. The attached apartment includes its own patio space and entrance, enhancing privacy and comfort, though interior access is available to the main living space, if desired. Outdoors, the property features a back patio and an incredible backyard spanning over half an acre, including a fenced-in area perfect for children or pets. A side yard with a garden shed provides additional storage. This property has been virtually staged to showcase its full potential and appeal.
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| Jan 6, 2012 | Sold | ||
| Sold | |||
| Oct 11, 2011 | Listed by CHAPMAN HALL PROFESSIONALS | $44,900 | |
| Listed by CHAPMAN HALL PROFESSIONALS | |||
| Mar 30, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017