7 Rachel Road
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 19, 2019 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by Compass | $440,000 | |
| Listed by Compass | |||
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EQUITY OPPORTUNITY! Good value for both buyers and contractors. Needs updating. House being sold in as is condition. Great opportunity to revive and customize this ranch with renovations to your taste. Wonderful potential for this home in excellent Reading location, close to the highways, walk to train all on a level lot.
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