718 N Shepherd Drive
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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 |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Oct 13, 2023 | Listed by Norhill Realty | $425,000 | |
| Listed by Norhill Realty | |||
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Nestled in a gated community, this meticulously built David Weekley single-family home offers two bedrooms, a versatile loft that can easily serve as a third bedroom, and 2.5 bathrooms. The soaring windows provide the home with an abundance of natural light. Just steps away from Lawrence Park, it's perfect for pet owners, families with children, and those simply looking to enjoy the outdoors. You will love the convenience of being within walking distance to the vibrant MKT district for shopping, dining, and entertainment, as well as having easy access to the nearby hike and bike trail. With its impeccable craftsmanship and open-concept living space, this is a rare find in a prime location - don't miss your opportunity to make it your own!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017