706 Southern Street
About This Property
Home that is quaint with charm. Nestled on Southern Street, this all brick siding home sits on 0.25 acres. Secondary fixer upper home on 3+ acres included. Enough land to spread out without too much upkeep. Updated flooring, updated roof, updated Central HVAC all in September and October of 2022, this home is ready to be called your own. A wonderful layout is included with the master bedroom sits on the right of the home with the secondary bedrooms on the left. Open concept with living room, dining, and kitchen. Come by and see this home today!
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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 |
|---|---|---|---|
| Dec 13, 2022 | Sold | ||
| Sold | |||
| Oct 29, 2022 | Listed by EXP REALTY | $185,000 | |
| Listed by EXP REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017