603 Marcella
About This Property
The kitchen is a true delight, featuring a central island that provides counter space for meal prep and casual dining. Sliding glass doors off the kitchen open to your private backyard, allowing for plenty of natural light and offering a view while you cook. Step outside to your brand-new concrete patio, the perfect spot for outdoor dining, entertaining, or simply enjoying the fresh air.
In addition to the outdoor living space, this home also features a single car detached garage with a metal roof, providing extra storage. Whether you're sipping coffee on the front porch or unwinding on the back porch, both spots offer the perfect place to relax and take in the surroundings.
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
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Oct 16, 2024 | In contract | - | |
In contract | |||
Oct 10, 2024 | Listed by HOWARD HANNA | $155,000 | |
Listed by HOWARD HANNA |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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