6420 Cathy Drive
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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 |
|---|---|---|---|
| Nov 17, 2021 | Sold | ||
| Sold | |||
| Aug 21, 2021 | Listed by Century 21 Property Advisors | $220,000 | |
| Listed by Century 21 Property Advisors | |||
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PRICE REDUCED! Fantastic starter home or Investment home! Single story brick home in Watauga. Corner lot with 2 storage buildings and a large shade tree in the backyard. This home's position on a cul de sac keeps street traffic to a minimum. The home features three bedrooms and two full bathrooms with an office. The garage has been converted to a generous living area with separate entry. There is a large utility room with storage cabinets and two dining areas. Would make a great investment property or perfect first time home. Fresh paint was recently applied to the interior walls.
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About Watauga Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017