0 JOPPA RD
About This Property
- Auction ends Tuesday, February 20, 2024 at 12:30 PM. The property comprises 2.52 +/- acres off of the 5400 block E. Joppa Rd. It adjoins the west side of 5415 E. Joppa Rd and is located next to I-95. It is wooded and accessible from the driveway off of the south side of Joppa Rd that goes past the neighboring house at 5415 E. Joppa Rd. Zoning: DR 2H permits 2 lots per acre for single family, semi-detached and duplex residential units.
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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 |
|---|---|---|---|
| Apr 4, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Listed by Alex Cooper Auctioneers, Inc. | $10,000 | |
| Listed by Alex Cooper Auctioneers, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017