1799 FLORENCE ROAD
About This Property
With two full levels, three large bedrooms, two baths, and an oversized 2 car attached garage this property offers a versatile layout suitable for family living or rental potential. Nice sized eat in kitchen with island, double sinks and french doors leads to the deck and rear yard which offers opportunities for improvement and enhancement. A spacious Living room directly off the kitchen has lots of light, wood floors and easy access to the spacious bedrooms. The huge full lower level features a convenient outside access, windows, space for a cozy wood stove and an updated HVAC system.
This is a no-frills investment opportunity, priced to reflect the needed renovations. Recognize the untapped value and leverage it to your advantage. With improvements, this property can transform into a lucrative asset in a prime location, capitalizing on the strong market appeal of the neighborhood.
Whether you're a seasoned investor or a first-time buyer willing to put in some work, this fixer-upper is your ticket to a solid return on investment. Don't miss out – act now and seize the potential of this real estate opportunity!
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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