7 Ernest Avenue
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 23, 2019 | Sold | ||
| Sold | |||
| Aug 30, 2019 | Listed by J. Barrett & Company | $439,900 | |
| Listed by J. Barrett & Company | |||
| May 21, 2012 | Sold | ||
| Sold | |||
| Mar 13, 2012 | Listed by Coldwell Banker Realty - Lynnfield | $289,900 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
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Great location! Nicely renovated 3 bedroom Cape featuring new open concept kitchen with stainless appliances, refinished hardwood flooring throughout 1st and 2nd floors. Renovated bathroom w/ ceramic tile floor and tub. Two additional rooms on the lower level make an ideal office and playroom/family room. New 200amp electric, new Harvey windows and doors. Plenty of room for outdoor fun at nearby Veterans School.
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| Oct 28, 2011 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017