6 Alder Ln
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 |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2024 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Listed by Success! Real Estate | $499,900 | |
| Listed by Success! Real Estate | |||
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INVESTORS TAKE NOTICE! LOCATION!! Expanded ranch in a sleepy neighborhood setting waiting for some love! This home is minutes to the bike path, Harwich conservation hiking trails and Bank Street beach while tucked away in a private, mature landscaped grounds complete with a newer (2020) salt water pool and fenced in backyard. The backyard can be expanded as the fence is approx 18' inside the property line. A new metal roof (with transferrable warranty) and siding were completed approx 5 years ago with a 3 season room added approx 25 years ago. Current owner has completed some demolition inside which will require a full renovation. Full, dry basement adds additional options for potential expansion! This property will likely not pass requirements of most Lenders thus cash purchase is preferred. Property being sold "As Is' condition. Ask the Listing Agent for a list of post-renovation comparable properties which indicate equity potential may be built quickly.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017