511 2nd 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 |
|---|---|---|---|
| Feb 8, 2024 | Sold | ||
| Sold | |||
| Jan 26, 2024 | In contract | - | |
| In contract | |||
| Jan 13, 2024 | No longer available | - | |
| No longer available | |||
| Nov 15, 2023 | Listed by RE/MAX Professionals | $215,000 | |
| Listed by RE/MAX Professionals | |||
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Great curb appeal with this brick 3 bed, 2.5 bath with a 2 car detached garage. Corner lot right across the street from Louise ISD! Large living room with a fireplace and plenty of natural light, opens up to the spacious kitchen/dining area. Large master suite. Cozy den, perfect for a place to sit and relax. Great back yard that is fenced. Generac generator, just in case the power goes out! Call and make an appointment to see! The manager has listed the unit size as 2190 square feet.
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| Oct 27, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017