508 Tappan Street
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 |
|---|---|---|---|
| Mar 25, 2020 | No longer available | - | |
| No longer available | |||
| Oct 6, 2019 | Price Decreased |
$259,000
↓ $16K
(5.8%) | |
| Price Decreased | |||
| Aug 9, 2019 | Listed | $275,000 | |
| Listed | |||
| | |||
|
This checks many boxes-Large 100 x 100 lot. Spacious oversized ranch-full basement with bilco doors. Two car garage, hardwood floors, fireplace, central A/C and gas heat. Three Large bedrooms (possible 4th or Office). Oversized screen porch. Close to swimming lakes, parks & Shopping. See it today before it is gone. The manager has listed the unit size as 2000 square feet.
| |||
| Jun 28, 2019 | Sold | ||
| Sold | |||
| Jun 1, 2019 | Listed by Weichert Realtors-Forked River | $235,000 | |
| Listed by Weichert Realtors-Forked River | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017