8741 SE 87th TERRACE
About This Property
Both bedrooms are spacious with large closets and plenty of room and ceiling fans in both rooms. Bathroom has been recently painted, updated vanity, mirror and light as well as the toilet. Hot water heater conveniently located in the bathroom with shelving and storage. Hallway has closet that can be used for linen, pantry, games or other items.
The property is spacious with lots of land for gardening or for your pets to run around and adding a touch of natural beauty to the property. The Car Port has been closed in to provide additional privacy and cover for the new laundry area moved outside. Ideal for immediate occupancy, Call and book a showing.
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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 16, 2024 | Sold | ||
| Sold | |||
| May 24, 2024 | In contract | - | |
| In contract | |||
| Apr 21, 2024 | Listed by MORRIS WILLIAMS REALTY | $199,000 | |
| Listed by MORRIS WILLIAMS REALTY | |||
| Sep 30, 2021 | Sold | ||
| Sold | |||
| Aug 31, 2021 | Listed by MORRIS WILLIAMS REALTY | $121,000 | |
| Listed by MORRIS WILLIAMS REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017