7 Herrick Rd
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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | Listed by Naples Realty Group | $169,900 | |
| Listed by Naples Realty Group | |||
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Investors and contractors take notice of this large secluded cape with an oversized garage and barn. Make this your forever home or make this your next project. Great opportunity to make a good profit on a flip. This property comes with 3 lots totaling 1.03 acres. Property is sold as is where is and is in need of a septic system.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017