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1277 PIPER ROAD
About This Property
Flooring has already been removed in the bedroom areas, leaving a clean concrete subfloor ready for the flooring of your choice. The primary suite includes a walk-in closet and an on suite bathroom with tiled walk in shower. The second full bath offers a tub/shower combination.
The full length attached Florida room will need to be re-walled on the interior. AC currently not working so will need replacement or repair. This home has been cleared out and is primed for a full cosmetic renovation, making it an excellent value-add opportunity for the right buyer.
Bring your creativity and vision-whether you're looking for your next flip, rental investment, or personal renovation project, the possibilities are endless. Cash or renovation financing only. Property is being sold as-is and priced to reflect its condition. Don't miss the chance to unlock the potential in this diamond in the rough-opportunities like this don't last long!
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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 |
|---|---|---|---|
| May 31, 2026 | Listed by PEOPLE'S TRUST REALTY | $180,000 | |
| Listed by PEOPLE'S TRUST REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017