5106 Beals Drive
About This Property
This lovely home was recently remodeled. Newly painted in white, making it the perfect canvas for its new owners. The dark leathery flooring gives it a touch of elegance. The house was extended into the garage, giving it more space for an extra room, and half bathroom. They've also made two nooks for the washer and dryer, which are easily hidden with white bifold doors.
The backyard has a fair amount of space, it was cleaned and left bare for its future owners. The house comes with a well-made, solid and well taken care of shed, great for extra storage.
There's a 4-car space driveway, new garbage disposal, relatively new roof, and alarm system. The garage space measures 300 sq. ft. and was measured by the owner.
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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 |
|---|---|---|---|
| Jan 24, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Nov 9, 2024 | Price Decreased |
$170,000
↓ $28K
(14.1%) | |
| Price Decreased | |||
| Oct 19, 2024 | Price Decreased |
$198,000
↓ $7K
(3.4%) | |
| Price Decreased | |||
| Sep 24, 2024 | Price Decreased |
$205,000
↓ $10K
(4.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017