7514 Ludington Drive
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 |
|---|---|---|---|
| Feb 25, 2022 | Sold | ||
| Sold | |||
| Dec 23, 2021 | Listed by BHGRE Gary Greene | $399,000 | |
| Listed by BHGRE Gary Greene | |||
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Updated 4 bedroom 2.5 bathroom open concept home. Features cathedral ceilings with many fine architectural features, built in book case which is by the beautiful fireplace. The gourmet kitchen features a large Island, Double ovens, stainless appliances and oh so much storage. The AC is one year old, water heater 2021, recent plumbing, and many fine touches that you will appreciate. The covered backyard patio is perfect to picnic under and watch the children, and the fully fenced backyard is large enough for swingset, sandbox, gardening and more. The bedrooms all have natural lighting and the home feels so spacious. Come see this elegant home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017