5605 Salem Drive
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 |
|---|---|---|---|
| Nov 21, 2017 | Sold | ||
| Sold | |||
| Sep 15, 2017 | Listed by Century 21 APD & Associates | $94,500 | |
| Listed by Century 21 APD & Associates | |||
| Jul 8, 2017 | Listed | $99,500 | |
| Listed | |||
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Outstanding value in Northeast El Paso! Bring your buyers by to see this recently renovated property before it gets sold! The manager has listed the unit size as 1645 square feet.
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| Jun 29, 2005 | Sold | ||
| Sold | |||
| May 17, 2005 | Listed by Sandy Messer And Associates | $89,900 | |
| Listed by Sandy Messer And Associates | |||
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GREAT FAMILY STARTER HOME-IN LIKE NEW CONDITION. REFURBISHED AND REMODELED. NEW CARPET, TILE, MASTER COOL A/C, HEATER & WATER HEATER. KITCHEN & BATH REMODELED. SHOWS REALLY NICE.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017