6244 Cypress 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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2019 | Sold | ||
| Sold | |||
| Aug 8, 2019 | Listed by Keller Williams Westland Rlty | $365,000 | |
| Listed by Keller Williams Westland Rlty | |||
| Jan 17, 2019 | No longer available | - | |
| No longer available | |||
| Nov 12, 2018 | Price Decreased |
$559,900
↓ $90K
(13.9%) | |
| Price Decreased | |||
| Jul 11, 2018 | Listed by Keller Williams - Brentwood | $650,000 | |
| Listed by Keller Williams - Brentwood | |||
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A very nice property. It has a comfortable home on 6.8 acres with good fertile soil that can be used for many agricultural crops. There is a new 7.5 horsepower pump with a new 900 foot deep well used for domestic and agricultural purposes. Next door is a middle school for children. According to Merced County there is a possibility of a zoning change in the future. This is a good property for raising a family, rental or an investment. Great investment opportunity! A must see! ! The manager has listed the unit size as 2361 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017