705 Olive ST
About This Property
This house is a classic example of bungalow architecture with front and side gables, knee brackets, square columns and an inset porch. Interior bungalow features in the home emphasize efficient use of space and commodious rooms well lite by natural light. It appears that the home was original designed as a 2/1 with a sunroom that has a private entrance off the front porch. Additions to the home include a second bathroom, a laundry room, a mudroom and a third bedroom (or ensuite to second bedroom) Recent improvements made include: CACH and Metal Roof in 2022. Full renovations to both bathrooms, interior paint, updated kitchen countertops, sink and tiled backsplash in 2023. The Schedule your private showing today!
Colorful, picturesque neighborhoods in a well-kept small-town brimming with eclectic artists, unique shops, one-of-a-kind restaurants, entertainment venues from the traditional to the flat out funky. Enjoy outdoor recreational opportunities in State Parks, City Parks, and the Colorado River. Don't miss your opportunity at this fabulous home with the Smithville VIBE that everyone's looking for!
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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 |
|---|---|---|---|
| Oct 13, 2024 | In contract | - | |
| In contract | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Price Decreased |
$429,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| May 24, 2024 | Price Decreased |
$439,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Mar 24, 2024 | Listed by Mike Hightower Realty | $449,000 | |
| Listed by Mike Hightower Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017