511 1st Ave
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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | Listed by RE/MAX Alliance-Loveland | $350,000 | |
| Listed by RE/MAX Alliance-Loveland | |||
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This delightful bungalow is a hidden gem nestled into a double lot! Boasting a spacious living room filled with tons of natural light and original hardwood, the main level also features a bedroom, bathroom and adorable sundroom, plus an additional bedroom, bathroom, and laundry area in the basement. Lovingly maintained, this home stands out as one of the most charming around! The exterior features a vinyl fence installed just three years ago, a fantastic two-car garage with a garden prep area, a nice sized (fenced) yard, and a cozy turf seating area-perfect for enjoying evenings by the firepit or relaxing under the shade of the large umbrella. The prior owners indicated updated plumbing, electrical, roof, sewer line and furnace - plus don't miss the long driveway with extra parking, beautiful trees and plants, and a recently updated hot water heater for added peace of mind!
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| Jun 28, 2019 | No longer available | - | |
| No longer available | |||
| Jun 26, 2019 | Sold | ||
| Sold | |||
| Jun 10, 2019 | Relisted | $245,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017