7 Phillips Ave
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 |
|---|---|---|---|
| Jul 29, 2016 | Sold | ||
| Sold | |||
| May 17, 2016 | Listed by Compass | $299,900 | |
| Listed by Compass | |||
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Why buy a condo when you can own your own home. Adorable 5 room 2 bed starter home in move in condition. Family-room with cathedral ceilings. Newer ceramic tiled bath. Open concept kitchen/dining room with wood floors/breakfast bar. Home has been recently updated . Nice yard with shed. Sliders off kitchen/dining area to deck. Own your home in Wilmington for less than you can buy a condo and do without the Condo fees. Don't miss out, at this price this will go fast. Open House Sunday 5/22 12-2 PM Showings will begin Saturday 5/21 with advance notice
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| Jun 27, 2013 | Sold | ||
| Sold | |||
| Apr 10, 2013 | Listed by RE/MAX Encore | $235,000 | |
| Listed by RE/MAX Encore | |||
| Dec 30, 2003 | Sold | ||
| Sold | |||
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