7725 Reed St
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 |
|---|---|---|---|
| Dec 2, 2022 | Sold | ||
| Sold | |||
| Jul 14, 2022 | Listed by RE/MAX Alliance | $509,000 | |
| Listed by RE/MAX Alliance | |||
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APPRAISED AT $535,000.00! You'll love the beautifully updated kitchen in this great home which features Granite counters, lovely cabinets and a stainless refrigerator and dishwasher. Nicely refinished hardwoods throughout the main level give it a contemporary feel. Enjoy 3 bedrooms, full bath, formal living, kitchen and formal dining on the main floor and a nice sized family room with a wood burning stove and powder bath in the lower level, which walks out to the 19 x 24' two car garage. Vinyl, double pane windows make it efficient as well as the Tesla Solar System. The evaporative cooler, installed in 2018, features a main vent and two additional vents in two of the bedrooms. For the outdoor enthusiasts, you'll love the large, 18 x 14' composite deck installed in 2019 along with another large, covered patio on the lower level. The roof was installed in 2014, a new Hot Water tank in 2021 and the main sewer line was replaced in 2018. This oversized lot with 10,681 square feet gives the family lots of room to garden, play, entertain and store your garden equipment in the shed. For those with an RV, enjoy the RV slab to the north of the house. This is a GREAT find at this price point! Sellers do a have a ring camera at the front door to view comings and goings, so if you go back, please reschedule a second showing through Broker Bay. Thank you.
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| Aug 26, 2014 | Sold | ||
| Sold | |||
| Jun 7, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017