509 Ivey 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 27, 2022 | Sold | ||
| Sold | |||
| Apr 16, 2022 | No longer available | - | |
| No longer available | |||
| Apr 16, 2022 | Listed by Keller Williams Central | $284,900 | |
| Listed by Keller Williams Central | |||
| | |||
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This expansive Ranch home sits on a large corner lot close to town, and features a double garage, rear patio and deck, covered front porch, paved driveway and two living areas. it has 4 bedrooms,2.5 baths and an open concept living area in the middle of it all. With some help from the new owners the interior space of this home could really shine. Two bedrooms could function as primaries. Lots of raw square footage for the money. Seller says room addition was done prior to his ownership.
| |||
| Apr 10, 2022 | Price Decreased |
$279,900
↓ $60K
(17.7%) | |
| Price Decreased | |||
| Apr 6, 2022 | Listed by Keller Williams Central | $340,000 | |
| Listed by Keller Williams Central | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017