About This Property
This property includes a farm house that is in rough condition on the inside although the outside of the home is in decent shape. The property also has a pole barn and a shop. All to be sold AS-IS. House is considered a tear down although it is possible to save it but would be a labor of love to salvage.
The manager has listed the unit size as 1020 square feet.
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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 |
|---|---|---|---|
| Nov 19, 2023 | No longer available | - | |
| No longer available | |||
| Oct 20, 2023 | Listed | $185,000 | |
| Listed | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017