5151 County Road 2208
About This Property
Needs a lot of work, but has a ton of potential. Selling this thing at a third the cost it would take to build new. Goal is to leave tons of equity on the table for whomever wants to make this their dream house. Imagine the entertainment possibilities after rehabbing this gem.
The 5 acres is another impressive aspect of this property. With plenty of outdoor space, you'll have room for gardening, outdoor activities, or even adding additional structures if desired. It's perfect for those who love spending time on their own land.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 22, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
| Aug 30, 2024 | Price Decreased |
$449,900
↓ $24K
(5.1%) | |
| Price Decreased | |||
| Aug 14, 2024 | Price Decreased |
$473,824
↓ $25K
(5%) | |
| Price Decreased | |||
| Jul 24, 2024 | Listed by Mission Real Estate Group | $498,824 | |
| Listed by Mission Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017