607 MISSISSIPPI AVENUE
About This Property
This home is full of potential and ready for your vision. The main level features a living room, kitchen with table space, a den, two bedrooms, and one full bath. The expansive attic provides opportunity for a future bedroom or additional living space. The lower level is unfinished and includes a large open area along with a garage, offering plenty of storage or the chance to create additional finished space.
Home is being sold as is and requires TLC.
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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 28, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by RLAH @properties | $469,000 | |
| Listed by RLAH @properties | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017