571 8th Street
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 |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Jul 19, 2023 | Listed by Keller Williams Realty The Woodlands | $245,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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You won't believe your eyes when you step inside this remodeled 3 bed, 2.5 bath Center Hall Colonial style masterpiece resting on a spacious 0.54 acre lot in the heart of Somerville. Step inside to the spaciously cozy living room that says "Welcome Home." Whip up a feast in the open kitchen with granite counters, decorative backsplash, stainless appliance package, and extra space for a breakfast table or buffet. Head upstairs and be amazed by the multi-level primary suite with tons of storage -- between the bedroom area and 3rd story loft space there is plenty of room for relaxation, living, and more! Bonus features include: tool shed, rear parking area, Low-E windows, wood burning fireplace, vinyl plank flooring throughout the main level, massive fenced yard, and more! Conveniently located across from Somerville High School, minutes to Lake Somerville, and a quick drive to Caldwell, Brenham, or Bryan/College Station. Words can't describe it all, so schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017