7316 Merrill 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 |
|---|---|---|---|
| Mar 21, 2019 | Sold | ||
| Sold | |||
| Apr 27, 2017 | Sold | ||
| Sold | |||
| Apr 6, 2017 | Listed by HARPER & ASSOCIATES REAL ESTATE | $128,000 | |
| Listed by HARPER & ASSOCIATES REAL ESTATE | |||
| Jul 29, 2016 | Sold | ||
| Sold | |||
| Mar 6, 2016 | Listed by PREMIER COAST REALTY, LLC | $49,900 | |
| Listed by PREMIER COAST REALTY, LLC | |||
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This home is a good opportunity to gain value! 3BR/2BA brick home, with nice size back yard. Nice rehab/renovation project. Priced to sell at $53,999 in As-IS condition. Seller has never lived in the property. Sitting on Merrill Rd, property can also be zoned for commercial if so desired. Please verify, however before purchasing. Listing Broker also has an interest in this property. Cash only
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Property Highlights
Building Info
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Price/ft²
Listed On
Sold On
About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017