1 & 3 Whispering Pines Way
About This Property
There is a separate log cabin that was built in 1950 with a kitchen space and an extra room. This is a great opportunity to build a prudent amount of sweat equity from this property. Both the house and cabin are in need of TLC, work, and are being sold in as is condition. The house is habitable with both running water and electricity. The cabin is a dry cabin that looks to have had electricity at one time. With some decent deep cleaning and some honest work, you could reap the benefits of your labor. Don't let this incredible investment opportunity pass you by.
The manager has listed the unit size as 1710 square feet.
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Cap Rate Calculator
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 17, 2024 | No longer available | - | |
| No longer available | |||
| Apr 8, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2023 | Listed | $350,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/12/2023
| |
Loft
|
2 Bath
|
1710 ft²
|
$350,000
Loft
2 Bath
1710 ft²
|
-
-
|
Jamie Chu
Berkshire Hathaway - Bozeman
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017