10778 ALTA Drive
About This Property
10776 Alta - Small (700+/- sqft) 2BR/1BA A-frame type home, currently rented for $500 month. Septic tank
10778 Alta Brick split level ranch style home, septic tank. Oak floors upstairs and down, pine tongue and groove joint walls and ceilings in downstairs bedrooms, cedar closets, etc. Roof and eaves need immediate work.
Both of these two homes share a shallow well for water. The electric for the wells pump is connected to 10776.
Originally permitted and built a dock 110 feet long (50 years ago). Rebuilt 40 foot dock about fifteen years ago.
A 5 artesian well is located in the middle of the property. It is a flowing well.
10780 is the address given for a doublewide moble home which was on the property roughly 30 years ago. The electric pole and meter exists along with a septic tank.
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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%.
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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 |
|---|---|---|---|
| Feb 2, 2009 | Sold | ||
| Sold | |||
| Sep 19, 2008 | Listed by WATSON REALTY CORP | $550,000 | |
| Listed by WATSON REALTY CORP | |||
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About Northside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017