7248 Michael Terrace
About This Property
Serene surroundings.
Many beautiful brick and stucco homes.
Minutes from shopping and dining.
Easy access to I-295 and I-10.
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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 |
|---|---|---|---|
| Mar 17, 2021 | Sold | ||
| Sold | |||
| Feb 18, 2021 | Listed by AXIOM REALTY, INC. | $270,000 | |
| Listed by AXIOM REALTY, INC. | |||
| Sep 19, 2012 | Sold | ||
| Sold | |||
| Feb 21, 2011 | Listed by WATSON REALTY CORP | $140,000 | |
| Listed by WATSON REALTY CORP | |||
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Beautiful home, 5 bedroom 4 bath over 2800 sqft, large open kitchen, split bedrooms, tile in foyer, kitchen, baths & laundry room. Close to shopping. Easy access to I-295 and I-10. No CDD fees. Association fee $323.58 a year.
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| Apr 26, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017