542 Welch 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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | Listed by HomeSmart Realty | $440,000 | |
| Listed by HomeSmart Realty | |||
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2 Bedroom/1 Bath Historic Bungalow FULLY Remodeled with Permits! Updated Romex electric, New A/C and much more! Walk to Berthoud breweries, shops and restaurants! This 1897 bungalow retains its historic charm but has modern conveniences and beautiful updates. All new Kitchen and Bath Cabinets, Countertops & all new Appliances: Fridge, Microwave, Dishwasher, Disposal, Oven/Stove (Pot-filler at the stove! You never see this in a historic!). New Plank style LVP Flooring, 10 foot ceilings with high end Tongue-in-Groove (must see) and modern lighting; New Central A/C, ductwork & insulation, and so much more! All new drainage and waste system, brand new paint inside and out, New 8x24.5 Front Porch that runs the whole length of the house & a new side deck (8x16.5), both made with low/no maintenanceTrex decking! New slider to the backyard, spacious Laundry room with floor to ceiling cabinets (yes they are all new too!). The home is full of historic character - base mouldings, window trim, door trim, ceilings, etc... New 5 Panel historic style doors, Roof and Furnace are only 7 years old, AND there is the coolest historic stone outbulding (used to be used as a summer kitchen we think) plus a backyard shed in fantastic shape. The yard is spacious with lots of room for play, gardens, pets, etc. This is a must see! Call or TEXT for more details or to set up a showing. Info deemed correct, Buyer to verify all information.
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| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | Relisted | $258,000 | |
| Relisted | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017