125 Blake St
About This Property
Enjoy the views of the mountain from the covered front porch. Private back yard with grass and mature bushes and trees. Small storage shed attached to the home. The newer addition has a bedroom and a room that can be used as an office or large mud room. Within walking distance of downtown Salida. There is no estimate on the cost of the mold mitigation.
This home used to rent for $1200 per month before mold was found.
Seller highly recommends the Buyer to do mold testing and their own inspection as there is concern with the integrity of the home.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017