7040 Highway 1 #205
About This Property
The manager has listed the unit size as 1002 square feet.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2021 | No longer available | - | |
| No longer available | |||
| Mar 19, 2021 | Price Decreased |
$189,999
↓ $5K
(2.6%) | |
| Price Decreased | |||
| Jan 18, 2021 | Price Decreased |
$194,999
↓ $5K
(2.5%) | |
| Price Decreased | |||
| Dec 31, 2020 | Relisted | $199,999 | |
| Relisted | |||
| Dec 30, 2020 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/24/2020
|
2 Bed
|
2 Bath
|
1002 ft²
|
$199,999
2 Bed
2 Bath
1002 ft²
|
-
-
|
-
| |
|
10/01/2015
|
2 Bed
|
2 Bath
|
1186 ft²
|
$110,000
2 Bed
2 Bath
1186 ft²
|
$100,000
-9.09%
10/27/2015
|
June Mogavero
RE/MAX Solutions
|
Building Info
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