69 Townsend Road
About This Property
The ranch style home has a large kitchen that opens to the dining area, living room with wood burning fireplace, three bedrooms, full bath with tub, separate shower and large vanity top sink. The home has an abundance of natural light and privacy that you do not need window coverings. The owner had the in ground tank removed with all proper documentation and installed a new tank in the basement. The home is heated by HWBB and cooled by central air conditioning. The oversized two car garage has plenty of room for the cars and all outdoor equipment.
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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 |
|---|---|---|---|
| Jul 14, 2017 | Sold | ||
| Sold | |||
| Apr 3, 2017 | Listed by Howard Hanna Rand Realty-Wayne | $320,000 | |
| Listed by Howard Hanna Rand Realty-Wayne | |||
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About Wanaque
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21712948
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017