551 Prospect St
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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Jul 15, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Listed by RE/MAX Compass | $269,900 | |
| Listed by RE/MAX Compass | |||
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Check out this lovingly cared for charmer!! This well maintained one floor ranch style home on a corner lot is a great buy not to be missed out on. It is affordable, convenient and ready for you to add your own touches. Wood flooring in the living room, hall and both bedrooms. The kitchen is open to the eat in dining and the laundry has been brought up for convenience. There is an attached garage and storage shed area along with an enclosed mud room to the main house and also leads out to an enclosed patio area. The basement is partially finished and has a Buderus heating system. Enjoy the central air or time outdoors in the spacious fenced in yard. All of this offers easy access to all local amenities...shopping, dining, and easy access to local highways.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017