7 Jerome Rd #7
About This Property
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 22, 2023 | Sold | $465,000 | |
Sold | |||
Nov 2, 2023 | In contract | - | |
In contract | |||
Oct 24, 2023 | Relisted | $489,000 | |
Relisted | |||
Oct 13, 2023 | In contract | - | |
In contract | |||
Oct 12, 2023 | Price Decreased |
$489,000
↓ $10K
(2%) | |
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/05/2023
|
2 Bed
|
3 Bath
|
-
|
$499,000
2 Bed
3 Bath
|
-
-
|
-
|
Kimberly O'Neil Mara
Century 21 North East
| |
07/29/2016
|
2 Bed
|
3 Bath
|
1500 ft²
|
$344,900
2 Bed
3 Bath
1500 ft²
|
$345,000
+0.03%
11/15/2016
|
-
|
Diane LeBoeuf
Competitive Edge Real Estate Services
|