11029 TRACI LYNN Drive
About This Property
Purchase this property for as little as 3% down. This is a Fannie Mae HomePath property and is eligible for HomePath Renovation Mortgage Financing. There are significant changes to the Fannie Mae Addendum. Please review the addendum carefully.
Seller will not pay deed stamps or survey. Seller will pay owner's title policy, if buyer uses seller's title company for closing. Otherwise buyer must pay title insurance. Buyer must pay for survey and buyer's portion of closing agent fee.
Special requirements include, but are not limited to: Buyer must sign Fannie Mae addendum, pay for a rekey at closing. Investors must agree to Deed Restriction Language.
Listing office and agents represent the seller.
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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.
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About Northside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017