561 Marjon AVENUE
About This Property
Home has new (July 2021) roof with wind mitigation and lifetime warranty. Brand new AC Lennox split system with 10/10/1 warranty! The property recently passed a four point inspection. New shower enclosure in main bathroom. Kitchen has new vinyl flooring, new wall oven, new refrigerator, refaced kitchen cabinets,
Home has storage shed, screened porch, fully fenced yard. Washer and dryer also included. Hop on a trolley downtown or take the 15 minute drive to the beach. This quiet community has NO HOA fees! Hurry and schedule a showing of this priced to sell property. It will not last long in this market
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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 |
|---|---|---|---|
| Oct 4, 2021 | Sold | ||
| Sold | |||
| Aug 18, 2021 | Listed by REDFIN CORPORATION | $350,000 | |
| Listed by REDFIN CORPORATION | |||
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REDFIN CORPORATION
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# T3324434
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017