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11583 TOMAHAWK TRAIL W
About This Property
This property could make for a great addition to a rental portfolio once rebuilt.
This property will not qualify for traditional lending options but it is located in a sought after water access community neighborhood and boasts great amenities including pier access, private lake and beach access, trails, playground, community building space etc.
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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 | |||
| May 1, 2024 | Price Decreased |
$79,000
↓ $13K
(14.1%) | |
| Price Decreased | |||
| Apr 9, 2024 | Listed by Compass | $92,000 | |
| Listed by Compass | |||
| | |||
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OWNER FINANCING AVAILABLE -- Rebuild this property and make it yours! The perfect addition to any investment portfolio, this property boasts all of the best amenities. Located in the highly sought after Chesapeake Ranch Estates, enjoy pier access, private lake and beach access, trails, playground… and many more. A detached two-car garage is situated on the lot for your convenience. Bring your imagination and designs and make this your oasis today!
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| Feb 8, 2022 | Sold | ||
| Sold | |||
| Dec 15, 2021 | Listed by RE/MAX Realty Group | $128,800 | |
| Listed by RE/MAX Realty Group | |||
Property Highlights
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017