6702 Bailey Road
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 1, 2021 | Sold | ||
| Sold | |||
| Jul 30, 2021 | Listed by Allie Beth Allman & Associates | $1,075,000 | |
| Listed by Allie Beth Allman & Associates | |||
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Beautiful Ranch House with 7.11 acres in the City. (4+ AG Exempt acres) 3 horse stalls & pen, Pond in back. Loft area easily converted to 5th bedroom with ensuite bath. Large rooms with open concept. All beds have ensuite baths, Storm shelter off kitchen, 2 cooktops-gas and electric, 2 thermador ovens, subzero fridge, 2 floor safes. Accessory Bldg ideal for guest house conversation with single garage & large workshop with 2 car garage.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017