737 NW 21st LANE
About This Property
Structure: 3-bedroom, 1-bathroom CBS home, durable and low-maintenance.
Roof: New 2023 metal roof for long-lasting protection.
Windows: Impact windows for storm protection and security.
Interior: New ceramic tile throughout the home, except in the bedrooms, providing a clean and modern look.
Outdoor Spaces:
Front and back porches for relaxation.
Back porch offers extra outdoor living space.
Water System: The water system is owned by the sellers, eliminating rental fees.
Recent Updates: Freshly painted, giving the home a bright and welcoming appearance.
Bonus Room: A large bonus room offers versatility for extra living space, a home office, or a hobby room.
Location Benefits:
Located in an area where power is restored first during outages (first responder grid).
Close proximity to the hospital, doctors, a college, and downtown, offering convenience for daily living.
This home is ideal for first-time buyers or those looking to downsize, providing both comfort and convenience in a prime location.
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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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 3, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by ANDERSON REALTY | $255,000 | |
| Listed by ANDERSON REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017