8501 Main Street
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 |
|---|---|---|---|
| Jul 4, 2014 | Sold | ||
| Sold | |||
| Dec 10, 2012 | Listed by Signature Properties Corning | $165,000 | |
| Listed by Signature Properties Corning | |||
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A great find in a great location. Quality construction throughout this renovated home. Open floor plan, 23x35 garage with 300 square foot bonus room above ready for your finishing touch. Central air, HEPA filtration, Wine fridge, and many other features.
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| Jun 21, 2010 | Sold | ||
| Sold | |||
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