8605 Palermo Way
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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 |
|---|---|---|---|
| Jun 25, 2021 | Sold | ||
| Sold | |||
| May 4, 2021 | Listed by Fathom Realty | $699,990 | |
| Listed by Fathom Realty | |||
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North Facing immaculate 5 bedrooms, 4.5 baths 2017 Like New Grand home in McKinney's prestigious Estates of Verona. Stunning curb appeal and pool size backyard. 5 living areas including media, den, formals, family and kids retreat. Master and secondary bedrooms on main floor. 3 bedrooms with 2 ensuites and 3rd bath on second floor. Extra large chef kitchen with gas cooktop, ventilation mechanism, SS appliances, granite counters, huge island, walk-in pantry, bar and breakfast room. Large utility room with sink and storage. Formal dining with butler's pantry, vaulted ceilings, walls of windows with plantation shutters, hardwood floors, grand wood staircase. Extended driveway with 3 car garage. A MUST SEE!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017