79 Converse 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 |
|---|---|---|---|
| Nov 30, 2017 | Sold | ||
| Sold | |||
| Jun 5, 2017 | Listed by Engel & Volkers, South Shore | $350,000 | |
| Listed by Engel & Volkers, South Shore | |||
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Built in 2001, this property features one level living, an eat in kitchen, first floor laundry, two amply sized bedrooms and hardwood flooring. There is a full walk up attic which offers enormous potential for expansion and is plumbed for baseboard heat. This property is connected to town water, town sewer, heats with natural gas, 200 Amp circuit breakers, and deeded beach rights. The 17,425 sq ft lot offers off street parking for 10 or more vehicles, which will allow for plenty of guests during beach season. Flood insurance is not required. Buyer to assume sewer betterment.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017