55 FARRELL 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 6, 2022 | Sold | ||
| Sold | |||
| Aug 12, 2022 | Listed by RE/MAX Properties - Newtown | $255,000 | |
| Listed by RE/MAX Properties - Newtown | |||
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This is a traditional cape style home with a newly updated modern interior. Luxury plank vinyl flows throughout the first floor while brand new carpets cover the spaces of the second floor. A modern kitchen, with all the amenities, offers soft-close two-tone shaker cabinets and undermount glides; quartz counters with a waterfall edge and overhang, providing space for counter stools; and white subway tiles with grey contrasting grout. Complete with a brand new stainless Samsung appliance package, the kitchen offers a hood and microwave combo, dishwasher, gas range with air fry feature and refrigerator. Around the corner is the Samsung washer and dryer. The first floor also has two generously-sized bedrooms and a full bathroom for those seeking one story living.
The full bath offers, marble-look matte ceramic tile flooring, subway tile tub surround, euro style vanity
and medicine cabinet.
In contrast to a condo or townhouse, with this home there’s room to stretch out with space to occupy: on the front paver patio with awning you might enjoy a morning coffee or an evening cocktail and conversation, or perhaps garden quietly or entertain in your private back yard all without a monthly HOA fee. There is an updated electrical service panel, and nearly every window and door has been upgraded. The brand new roof carries a 50 year warranty. Fantastic investor opportunity turnkey home and rental comps in line with the 1% guideline
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| Dec 9, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2021 | Listed by Action USA Market Realtors | $144,900 | |
| Listed by Action USA Market Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017