890 WALLACE AVE
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 24, 2021 | Sold | ||
| Sold | |||
| Feb 4, 2021 | Listed by Weichert Realtors-Burlington | $339,777 | |
| Listed by Weichert Realtors-Burlington | |||
| Nov 4, 2020 | Sold | ||
| Sold | |||
| Feb 21, 2020 | Listed by RE/MAX at Home | $190,000 | |
| Listed by RE/MAX at Home | |||
| | |||
|
Sale is subject to short sale approval. Great location, almost half acre lot and extended two car attached garage make this very desirable. Full basement that could be finished into more living space and 200 amp electrical service in this home are more perks for the buyer. Gas furnace and central AC. Purchase is to be as-is and buyer responsible for any and all inspections and certifications required to complete the sales transaction. Point of interest: there is plumbing in the main bedroom closet to add a full bath. Fantastic living room size with beautiful brick fireplace. Possibility of keeping kitchen lay-out as-is, but could have separate kitchen and dining rooms. Sooo much potential!! Full disclosure: there is an easement for the Township alleyway in rear of property, which means back fence is encroaching on the boundary line approximately 10 feet. The basement had a water issue years ago, and the wall board was cut out and any clean up needed was done. Previous buyer's home inspection report showed bulging / structural problem, of all 4 basement walls.The actual report was not passed on, however. Any offers are subject to as-is condition and bank approval.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017