11748 KEEL Drive
About This Property
Nice Concrete Block home that needs a lot of TLC. Windows broken, electrical pulled out and kitchen gutted. Has a lot of potential, great home for an investor - don't miss this deal. No electricity, must be shown during daylight. This is CASH ONLY, sold AS-IS / WHERE-IS, bank will NOT do any repairs. The Property must be listed in the MLS for a minimum of 5 calendar days before any offer is accepted. MUST submit Addendum under Documents with offer AND POF.
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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.
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017