708 Avenue D
About This Property
The backroom provides additional space, and the backyard with mature trees and grass adds a touch of nature. The house comes with essential appliances and a well-maintained 11x11 storage shed. There is a concrete 10x10 slab for outdoor activities in the backyard. With a successful rental history, this property is a sensible choice for first-time homebuyers or investors.
Owner financing is available; loan terms are to be negotiated.
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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 |
|---|---|---|---|
| Jul 2, 2024 | Sold | ||
| Sold | |||
| May 16, 2024 | In contract | - | |
| In contract | |||
| Jan 22, 2024 | Listed by Ann Jones Real Estate | $70,000 | |
| Listed by Ann Jones Real Estate | |||
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About Brownwood
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20511714
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017