5602 Fallengate Drive
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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 |
|---|---|---|---|
| Jun 20, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by RE/MAX Integrity | $219,999 | |
| Listed by RE/MAX Integrity | |||
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What a great home in a low tax rate making monthly payments more affordable. This home has a large living with a floor to wall wood burning fireplace that spacious and open to the kitchen and eating area. No carpet. This home has beautiful ceramic tile flooring throughout. When you walk into this home you feel its openness and the light-colored ceramic tile flooring and neutral wall colors make this home feel so open spacious. Seller has built a large laundry/mud room to accommodate a large washer and dryer, shelving and built ins if you wish, say no to closed in tiny laundry rooms. This home has all the space you need. Master bath and secondary bathroom has been remodeled with updated ceramic tile, shower heads, new toilets, new tub, new lighting and new fixtures. All widows in home have been replaced to energy efficient. New AC parts, AC Compressor replaces 2018, foundation certificate lifetime. Kitchen has been updated to reflect the current trends with an added new window.
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| Mar 24, 2020 | Sold | ||
| Sold | |||
| Feb 6, 2020 | Listed by Blavesco, LTD | $144,500 | |
| Listed by Blavesco, LTD | |||
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Cozy Home at a Amazing Price!! Warm 3 bedroom, 2 bath Home with 2 car garage and real fireplace. Granite throughout, new paint, and Natural Hickory laminate flooring. Never Flooded! Lots of living space and fenced backyard. Schedule your tour before its gone.
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About Greengate Place
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017