7201 Thompson Mill Road
About This Property
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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 17, 2019 | Sold | ||
| Sold | |||
| Jan 14, 2016 | Listed by Pate Realty Group | $80,000 | |
| Listed by Pate Realty Group | |||
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Corner of Highway 98 and Thompson Mill Road. Lightly sloping lot with watershed buffer along northwestern boundary. Perks for RESIDENTIAL 4 bedroom septic. Septic and well need to be installed. Property backs to homes already developed. Zoning is R-80W and will support a single family residence only. Seller Financing available with 10% down at 5% interest. Seller is willing to owner finance on a 10 year note at 5% interest rate and 10% down.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017