608 Weldwood Road
About This Property
Home also featuring an updated eat-in kitchen with buffet bar granite tops and backslash as well and brand new stainless steel appliances, ... pull-out cabinetry shelving, LED lighting. New vinyl fencing (2018), A/C system (2019), Water heater (2018), Popcorn ceiling replaced with knockdown (2018), New aluminum pull down attic stairs (2019), New Electrical panel (2019), New garbage disposal (2019), New Washer/Dryer (2019), New paint complete for inside and out.
The living/dining area features a beautiful wood-burning fireplace. Guest bathroom completely renovated (2019) The master bath has also just been updated and features Newly renovated with vanity, sink and a separate shower. The second bathroom has also recently been completely updated as well. There is an indoor laundry/storage room as well as a full one car garage.
Exterior features include a screened-in covered patio, freshly painted Hardiboard cement exterior, accordion hurricane shutters and impact windows except patio slider with shutter panels. Yard that is fully fenced. This home is 1676 sq ft under air and 2224 sq ft total.
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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%.
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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 |
|---|---|---|---|
| Dec 12, 2019 | Sold | ||
| Sold | |||
| Nov 14, 2019 | Listed by RE/MAX Properties | $400,000 | |
| Listed by RE/MAX Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017