886 Ray Ave
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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 15, 2022 | No longer available | - | |
| No longer available | |||
| Apr 30, 2022 | In contract | - | |
| In contract | |||
| Apr 20, 2022 | Listed by C-21 PREFERRED REALTY, INC | $369,000 | |
| Listed by C-21 PREFERRED REALTY, INC | |||
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Fully renovated in 2012 and lovingly maintained ever since, this home is a delight to show! The front porch with new thermal windows catches the morning sun and is a great place to relax. Hardwood floors throughout. The kitchen has 42 in maple cabinets and GE appliances. Many updates over the last few years include new Weil McLain furnace 2019, water softener (owned) 2019, water heater 2015, sump pump, privacy fence, driveway with Belgian blocks. Two portable ac units included. Close to Battle Hill elementary school and Union high school, parks, NY bus on Morris Ave, easy access to highways. Located in an area of more expensive homes.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017