905 Oak
About This Property
Unlock the potential of this diamond in the rough! This home is an ideal project for savvy investors. Featuring generous room sizes, original hardwood floors, and large windows that flood the space with natural light, this property is a blank canvas ready for your vision.
With some TLC, this could be a profitable flip or a lucrative rental property. Don't miss this chance to invest in a promising area and create substantial equity.
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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 |
|---|---|---|---|
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Aug 24, 2024 | Price Decreased |
$33,000
↓ $1K
(2.9%) | |
| Price Decreased | |||
| Aug 14, 2024 | Price Decreased |
$34,000
↓ $1K
(2.9%) | |
| Price Decreased | |||
| Aug 9, 2024 | Price Decreased |
$35,000
↓ $3K
(6.7%) | |
| Price Decreased | |||
Property Highlights
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About Merkel
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20673371
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017