8 Gorham 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 |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 18, 2024 | Listed by Citylight Homes LLC | $450,000 | |
| Listed by Citylight Homes LLC | |||
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Offers due 11/27 5 PM This 3-bed, 1.5-bath home offers solid bones and a functional layout, making it an excellent opportunity for homebuyers ready to customize and investors seeking great potential. Nestled on a private 1.15-acre lot in the highly sought-after town of Rehoboth, the property is in a peaceful residential area. Built with quality craftsmanship, the home’s foundation provides a reliable base for renovations and updates. In addition to the main house, the property boasts a large barn with a cement foundation. The expansive, private yard is bordered by mature trees, providing ample space for outdoor living or future expansion. With some vision and a creative touch, this home can be transformed into a charming family retreat or an exceptional investment property. Create your dream home or capitalize on an incredible opportunity; this property offers endless possibilities. REFER to the pricing details outlined in the firm remarks. Close to the Reservoir.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017