9560-9561 Somerset Drive
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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Listed by Listwithfreedom.com | $200,000 | |
| Listed by Listwithfreedom.com | |||
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This listing is for 2 separately deeded lots as a package addresses are 9561 Somerset Dr and 9560 Somerset Dr. 9561 Somerset is .51 acre waterfront 100' wide and 232' depth. (561 has a $40000 breaker wall reinforcing the property to avoid erosion A free standing Florida room is on the property. The property has Electric meter, city water connection and a old septic system currently used for an RV. The RV is not included but may be negotiated. The lot directly across the street is 9560 Somerset it is .77 acres and has a 12x35 Amish Garage/storage building. 9560 will not be sold separately unless a buyer of 9561 does not want to purchase it.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017