1532 PINE WHIFF AVE
About This Property
Investor alert!! This home has been in the family for generations. Renovate or build new! Just a few houses down from one of the community water access beach areas. 2 Bedrooms and 1 bath on main level. Two bedrooms and 1/2 bath on upper level. Enclosed porch, deck and patio areas. Pine Whiff Beach offers public sewer and well water. Just a block from the county recs and parks location of Edgewater Park. HOA is voluntary $30 per year. Sale includes adjacent separate parcel 3600 SF lot tax ID#000 - lot 143. Lot size of two lots combined is is 7200SF + 3600SF for a total size of 10,800 SF (.24+acres). Bring your vision!
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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 Londontowne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017