1005 W Main Street
About This Property
Make this your dream home location, or remodel the existing 2,700 sqft home and make a profit. Seller estimates the renovations to cost roughly $75,000. Nearly 5 acres of wooded land with a cleared lot on the eastern side of the property. Zoned Agriculturally Open but you're capable of subdividing and building multiple homes. Come with offers, seller is highly motivated. Will not approve for FHA or CONV.
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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 |
|---|---|---|---|
| Dec 14, 2019 | Sold | ||
| Sold | |||
| Oct 19, 2019 | Listed by Rogers Healy and Associates | $160,000 | |
| Listed by Rogers Healy and Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017