9828 Otis Street
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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%.
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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 1, 2020 | Sold | ||
| Sold | |||
| Jan 9, 2020 | Listed by First Vision Real Estate and Financial S | $449,999 | |
| Listed by First Vision Real Estate and Financial S | |||
| | |||
|
Back on the market with PRICE REDUCTION!! A rare opportunity for a First time home buyer's dream or investor's dream because it is zoned R3! Close Escrow and it's move-in ready!! A completely remodelled/rehabbed 2 bedroom and 1 bath with lots of upgrades which includes but not limited to new flooring, kitchen cabinets/sink/stove/countertops/backsplash, new paint, bathroom, sprinkler system, windows, doors with new handles and screen doors etc. This is a secured/gated home which offers a security system already hard wired detached secured 1 car garage in the back and a very appealing green grassed front yard. It has a HUGE backyard for future improvements or new owner to enjoy the most during summer as they so please. Lot's shopping areas and restaurants at walkable distances from this property. Guaranteed that this will not last so bring in your offers now, let's go to Escrow and this baby is all yours to enjoy!
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| Aug 4, 2017 | Sold | ||
| Sold | |||
| Jun 16, 2017 | Listed by Keller Williams Pacific Estate | $370,000 | |
| Listed by Keller Williams Pacific Estate | |||
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About South Gate
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Currently no similar homes aroundNearby Rentals
$1,700 /mo
- Studio
- 1 Bath
- 425 ft²
$1,995 /mo
- 1 Bed
- 1 Bath
- 700 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017