114 N 2nd St
About This Property
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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 |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jul 6, 2024 | In contract | - | |
| In contract | |||
| Jun 24, 2024 | Listed by Atlas Real Estate Group | $375,000 | |
| Listed by Atlas Real Estate Group | |||
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AMAZING OPPORTUNITY IN WINDSOR - Have you always wanted to live on/very near the lake? Are you looking for something with sweat equity so you can afford that coveted lake lifestyle? Look no further! PLEASE NOTE: this home was built in 1920 and has been a rental for many years - it will need the right person to see it's potential and give it lots of love! Currently no kitchen appliances installed but the seller would be willing to put some in if needed to qualify for conventional lending. This charming cottage is 200 feet south of Windsor Lake and .2 miles from quaint Windsor Main Street shops and restaurants and Boardwalk Community Park. Walk to the slip and drop in for cool enjoyment of all Windsor Lake has to offer. - kayak, canoe, paddleboard and non-motarized boats allowed by permit. https://www.recreationliveshere.com/207/Boating-Permits# The two homes immediately north of our property were scrapes/high end new development valued in the $700k range. This whole pocket neighborhood has been turning over, reflecting the appeal and desire of being on the lake. The neighborhoods just east and north of this and the lake are $1M+ homes. Buy this home to make it yours, or put minimal money into rehabbing it for a flip OR buy and hold rental. ARV should be $445k, market rents should come in around $1500-$1600, perhaps even higher depending on your turn. Book your showing today, or call Kelly Taylor Blakesley at 720-383-8708
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| Apr 22, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017