7005 23RD PL
About This Property
BANK OWNED **** Perfect home to renovate and upgrade for increased equity or income *****
Cozy Cape Cod on quiet street with off street and one detached garage. Rear deck is enclosed and has a separate rear shed. Home features wood floors and four bedrooms on upper levels with two in the basement with a second bath and 2nd kitchen. Basement has a private rear w/o entrance .
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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%.
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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 2, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Price Decreased |
$344,500
↓ $35K
(9.3%) | |
| Price Decreased | |||
| May 31, 2024 | Listed by CENTURY 21 New Millennium | $379,600 | |
| Listed by CENTURY 21 New Millennium | |||
| Jun 28, 2023 | Sold | ||
| Sold | |||
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About Chillum
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$3,195 /mo
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$3,480 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017