59350 Stearman Road
About This Property
2 bd 2 ba main house with: New floors, Permanent foundation: property has had all engineering drawn up, stamped and submitted, and county inspections have been performed, submitted, and approved and are on record. Furnace has been converted from natural gas to propane, inspected, cleaned by licensed professional. Gas fireplace has been completely rebuilt by licensed professional. Septic has been recertified again and pumped. Exterior of the home and cabin have been painted. Original deeded Homestead cabin drywall has been repaired and painted. Pest inspector has given the all clear for any damage or evidence of termites- THIS HOME IS READY FOR YOU! perfect to live in or make it your rental income property. Seller wants to close fast, bring all cash or veteran financing offers.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 28, 2020 | Sold | ||
| Sold | |||
| Jan 28, 2020 | No longer available | - | |
| No longer available | |||
| Dec 28, 2019 | Price Increased |
$181,000
↑ $14K
(8.4%) | |
| Price Increased | |||
| Dec 3, 2019 | Listed by Cherie Miller & Assoc. | $167,000 | |
| Listed by Cherie Miller & Assoc. | |||
| Oct 29, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017