724 Silver Lake Street
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 19, 2024 | Sold | ||
| Sold | |||
| Apr 14, 2024 | Price Decreased |
$359,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Mar 5, 2024 | Price Decreased |
$364,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jan 26, 2024 | Listed by Coldwell Banker Realty - Leominster | $369,900 | |
| Listed by Coldwell Banker Realty - Leominster | |||
| | |||
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Beautifully updated/renovated cape with 1 car-detached garage and lovely outside storage shed. Nicely landscaped lot, paved driveway, city water & city sewer. All wood plank laminate flooring throughout the house with exception to ceramic tile in the bathrooms & carpet in the upstairs bedrooms. Granite countertops in the kitchen and the 2 full bathrooms. Open concept kitchen/dining/living room area. One first floor bedroom (with laminate wood floor), two bedrooms on the second floor. Laundry is located on the first floor for your convenience. Enclosed front porch is flooded with light. All new plumbing and electrical. Replacement windows, newer roof, vinyl siding. Updated furnace, Newer shed in a lovely, spacious back and side yard. Garage, back porch, front and back stairs all newly painted. Landscaping complete with new bark mulch and beautiful flowering bushes. Very accessible to Route 2A and 2 for commuting purposes as well as great access to area amenities. "VERY MOTIVATED" SELLER
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| Aug 28, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017