54 Gray Rd
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 |
|---|---|---|---|
| Oct 24, 2023 | Sold | ||
| Sold | |||
| Sep 19, 2023 | In contract | - | |
| In contract | |||
| Sep 14, 2023 | Listed by RE/MAX Partners | $899,900 | |
| Listed by RE/MAX Partners | |||
| | |||
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Turnkey Colonial in sought after Bancroft/Doherty School district near Bay Circuit Trail, Skug River Reservation and Harold Parker State Forest. This home is completely renovated and includes an open concept kitchen with quartz countertops, large center island for casual dining, stainless steel appliances, hardwood flooring throughout plus access to a rear deck overlooking a private lot. The kitchen is open to the formal dining area with crown molding and recessed lighting. The first floor also features a fireplace family room, spacious bedroom ensuite, plus a half bath with laundry. Upstairs you’ll find 3 or 4 bedrooms (possible office) that includes primary bedroom ensuite with his and her closets and 2 fully updated marble baths. Additional features include central air with mini split located in the large finished lower level, and 2 car garage. Convenient location with close proximity to commuter routes, hiking/walking trails, and so much more!
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| Aug 7, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Jul 19, 2023 | Price Decreased |
$950,000
↓ $99K
(9.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017