7 Hemming Lane
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 |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Oct 26, 2024 | In contract | - | |
| In contract | |||
| Oct 22, 2024 | Listed by Century 21 Select Real Estate, Inc. | $420,000 | |
| Listed by Century 21 Select Real Estate, Inc. | |||
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Don't miss this TURN KEY home located at the end of a quiet cul-du-sac, a block away from the new Rotary Centennial Park, close to schools, shopping, restaurants, the movie theater and more. As you approach the property, you are greeted by a private, fenced in courtyard and sitting area. Inside, the downstairs is the living / entertainment level, and upstairs are the 3 bedrooms and 2 bathrooms. Downstairs, there is new luxury vinyl plank flooring, crown molding throughout, tall ceilings in the living room, gas fireplace, the kitchen has been upgraded with corian countertops, glass backsplash, and stainless steel appliances. The furnace was just replaced last year and the windows were all upgraded 3 years ago and there are plantation shutters throughout. The downstairs bathroom was also the laundry room, the owner changed the plumbing and moved the laundry room out to the garage, it could be easily moved back into the bathroom. Outside there is a great back yard area to be able to relax and enjoy.
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| Oct 5, 2018 | Sold | ||
| Sold | |||
| Aug 17, 2018 | Listed by Re/Max of Chico | $305,000 | |
| Listed by Re/Max of Chico | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017