60 Fairmont Ave
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 18, 2024 | Sold | ||
| Sold | |||
| Aug 12, 2024 | In contract | - | |
| In contract | |||
| Jun 23, 2024 | Listed by Park Place Realty Enterprises | $399,999 | |
| Listed by Park Place Realty Enterprises | |||
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Attention Investors- Welcome home to this Bungalow- Cottage in a great neighborhood with an enclosed, incredible spacious oversized, private oasis with Gardens of Eden galore and a gorgeous man-made brick patio with brick walkways that lead to a perfect yard for entertaining. A perfect starter home with original hardwood floors, 1st floor laundry and a full bathroom with a master bedroom on the 1st floor with a slider to the deck and bright light sunshine. Home has a double lot 10,000 Sq ft with a covered pool and a She Shed- pool house that has a refrig, stove top, double sink, cabinets and full bathroom. Oversized parking with a 3 car garage that's great for projects, additional storage or a car collection. Basement offers expansion possibilities for those seeking additional space. Conveniently located to downtown, colleges, Umass, Polar Park and minutes to major Rtes.Rte 20, Rte 9, Mass Pike, 290 and 146. Home is in need of updating- perfect fixer upper- A Handy man special.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017