1214 SW Locks Road
About This Property
Let's talk about these GREAT BONES!
The 4-bedroom, 3-bathroom, solid-built CBS home on .58 acres is spacious and perfect for keeping boats, RVs, trailers...you name it. The large work shed in the back of the property has running water & electricity. Plus, there is a separate septic tank for RV hookups. Built in 1989, the home feels far more spacious than the tax records at 1,907sf. Features TWO-ZONED A/C systems.
TOP SECRET- There are TWO BONUS ROOMS in the attic that are air conditioned! The Kitchen has solid wood cabinets & newer stainless steel appliances. Whole House water filtration/softener system and spare fridge in garage. The large covered patio with newer screen enclosure spans the back of the home.
Very liveable AS-IS. Completely move-in ready for your cosmetic updates. Attractively priced to invest in the cosmetic updates you want & still keep your investment under current market values.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017