704 Johnson 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 |
|---|---|---|---|
| Aug 3, 2021 | Sold | ||
| Sold | |||
| Feb 9, 2021 | No longer available | - | |
| No longer available | |||
| Jan 21, 2021 | Price Decreased |
$145,000
↓ $20K
(12.1%) | |
| Price Decreased | |||
| May 21, 2020 | Price Decreased |
$165,000
↓ $4K
(2.4%) | |
| Price Decreased | |||
| Mar 9, 2020 | Listed | $169,000 | |
| Listed | |||
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Looking for an investment property with lots of potential? This 4 house and 3.889 acre property would give you plenty to work with and be a great place to start. The homes are unoccupied at this time and could be updated to your specifications. One of the homes is incomplete and needs to be finished out and 3 are livable and could be rented out. This property sits next door to a brand new 300 plus subdivision being built in Winona across from the high school. Loads of possibilities. Call today The manager has listed the unit size as 1500 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017