947 Highway 78
About This Property
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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 |
|---|---|---|---|
| May 28, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | Listed by The Homestore, LLC. | $299,900 | |
| Listed by The Homestore, LLC. | |||
| | |||
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Classic 4 sided brick ranch home with hardwood floors throughout the main living area. New roof has been installed less than 30 days ago. New appliances to be installed. Fresh paint throughout entire home. Upstairs you will find 2 bedrooms and 1 bathroom. Downstairs there is 1 bedroom and 1 bathroom with the remaining area open and unfinished. The home also sits on 1.5 acres.
| |||
| Mar 26, 2024 | Listed by The HomeStore | $299,900 | |
| Listed by The HomeStore | |||
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Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10281207
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