7089 El Cerro Drive
About This Property
entertainment venues, makes this a must see. The preparation is complete as the home has been
painted inside and outside, new double paned windows have been put in, the kitchen has been
remodeled as has the hall bath. New carpeting in the bedrooms adds to the comfort of this home. The
kitchen was completely demo-ed and new cabinets, quartz counters and new appliances have been put
in. Whirlpool stove, microwave and dishwasher are waiting for that first meal to be prepared. Most of
the interior has vinyl flooring with only the bedrooms having carpeting. Fans in nearly every room add to
the comfort of this home. A big backyard with fruit trees and great potential. Enjoy the shade provided
by the tree and dream what else you can do with this excellent space. The garage is attached, and the
laundry is in the garage. So, imagine sitting on your front porch and greeting your new neighbors and
making yourself at home.
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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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2024 | Listed by Keller Williams Realty | $799,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017