5988 State Route 224
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 |
|---|---|---|---|
| Apr 29, 2022 | Sold | ||
| Sold | |||
| Mar 10, 2022 | Sold | ||
| Sold | |||
| Aug 19, 2021 | Listed by MJ Peterson Real Estate | $89,900 | |
| Listed by MJ Peterson Real Estate | |||
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This 19th Century home has great potential!! This 4 bedroom/1+1/4 Bath is a great starter home for the handyman in all of us! 1+ acre of land to give a more private country feel. Could be an investment property for those looking for a new project! Perfect for a 203K loan or conventional financing. Sit on the front porch or entertain on your back lawn patio and enjoy family or friends! Possibility of opening the kitchen and expanding giving it a open floor plan concept. Potential to create a primary bedroom on 1st floor as well! Many possibilities!! Close to all amenities in Elmira, Horseheads, Watkins Glen and Ithaca!! Family room has insert for pellet stove or other. Propane wall unit. MOTIVATED seller!
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| Jun 29, 2021 | Listed by Mj Peterson Real Estate Inc. | $89,900 | |
| Listed by Mj Peterson Real Estate Inc. | |||
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Address: 335 Madison Avenue, New York, NY 10017