608 Wallis 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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2024 | Sold | $52,500 | |
| Sold | |||
| May 3, 2024 | In contract | - | |
| In contract | |||
| Apr 22, 2024 | Listed by EXP REALTY LLC | $52,500 | |
| Listed by EXP REALTY LLC | |||
| Jun 9, 2023 | Sold to Fuad Taliaa | $38,000 | |
| Sold to Fuad Taliaa | |||
| May 23, 2023 | In contract | - | |
| In contract | |||
Property Highlights
608 Wallis Ave
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
04/21/2023
|
|
1 Bed
|
2 Bath
|
-
|
$45,000
1 Bed
2 Bath
|
$38,000
-15.56%
06/09/2023
|
Malinda Koncar
BERKSHIRE HATHAWAY THE PREFERRED REALTY
|
Building Info
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EXP REALTY LLC
Last Updated: 2 months ago
Data Source: WPMLS , MLS# 1650212
