8718 S Normal Avenue
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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 |
|---|---|---|---|
| Oct 18, 2023 | Sold | ||
| Sold | |||
| Sep 18, 2023 | Listed by Peter Drossos Real Estate | $230,000 | |
| Listed by Peter Drossos Real Estate | |||
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SPECIAL FINANCING OFFER! Low rate. Low down payment. Free closing cost credits. With Citibank, you can lock in a mortgage payment of approximately $1,811 per month based on a $240,000 purchase price with only a 3% down payment, or $7,200, at a 7% interest rate, which is fixed for 30 years, coupled with an estimated property tax bill of $1,949 per year and a $100 per month homeowner's insurance bill. And. It gets even better! Then, Citbank will give you a $7,500 closing cost credit! This mortgage payment of $1,811 per month is cheaper than renting! And you own the home! Welcome home to a solid and well constructed, all brick raised ranch home in perfect, move-in ready condition, and in a quiet, purely residential neighborhood. Walk into an inviting living room/dining room area with its timeless, refinished hardwood floors and a large, east-facing picture window for that natural, crisp sunlight! All three bedrooms are on the main floor, which makes it a functional floor plan for today's families - and each bedroom is spacious with ample closet space too! Enjoy a full bathroom nestled between the bedrooms, which further adds to its functionality. Then, head to a stunning kitchen with its white, 42" custom cabinetry and dazzling Calacatta quartz counter-tops and new stainless steel appliances! Also, enjoy a full, finished basement too, which also features two additional bedrooms in the basement! Utilize the basement as a man cave, a family room, an exercise room and/or an office. This beautiful home is close to the William H. Ryder Math & Science Specialty Academy, the Gresham School of Excellence and a ton of shopping off of 87th and the Kennedy such as, but not limited to, Home Depot, Starbucks, Wendy's, Food4Less and Chipotle. Conventional, FHA and VA OK. Show and sell. An easy 10! Own for less than rent! NOTE: The basement is the full length of the house and the basement features an additional and approximate 1,140 square feet.
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| Nov 7, 2022 | Sold | ||
| Sold | |||
| Aug 15, 2022 | Listed by Chicago Realty Partners, Ltd | $57,000 | |
| Listed by Chicago Realty Partners, Ltd | |||
| Oct 24, 2020 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017