603 Wolcott Avenue
About This Property
OFF THE KITCHEN IS AN IN-LAW STUDIO APARTMENT WITH SEPERATE ENTRANCE, COMPLETE WITH KITCHEN AND FULL BATHROOM IN THE LOWER LEVEL IDEAL FOR EXTENDED FAMILY. WHILE THIS HOME IS BRIMMING WITH POSSIBILITIES, IT DOES REQUIRE SOME "TLC" AND IS BEING SOLD "AS IS" TO SETTLE AN ESTATE. A GREAT OPPORTUNITY TO MAKE THIS HOME TRULY YOURS! SOME PHOTOS ARE VIRTUALLY STAGED SO YOU CAN SEE THE POSSIBILITIES.
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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 |
---|---|---|---|
Jan 17, 2025 | In contract | - | |
In contract | |||
Jan 14, 2025 | Listed by Howard Hanna Real Estate | $179,900 | |
Listed by Howard Hanna Real Estate | |||
Nov 14, 2007 | Sold to Thomas C Compagni | ||
Sold to Thomas C Compagni | |||
Mar 31, 2005 | Sold to Patricia A Croll | ||
Sold to Patricia A Croll |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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