2004 Lee DRIVE
About This Property
for $350K AND MORE!! And this is the one you've been looking for... nearly
a half acre of PRIVATE LAND, on a quiet street with NO HOA! This Fixer
Upper Home is being sold AS-IS to a CASH buyer. This is a great home for
you to purchase and add some sweat equity, or a "Blank Canvas" investor
opportunity to flip or rent. This home has a siding exterior and great
bones to provide the perfect canvas for you to flex your creativity.
What an amazing yard! Perfect for all your toys, boat, or equipment!
This home will receive a full renovation from its new owner, including a
roof and HVAC, and full interior renovation. The listing price is the
starting offer price. No replacements or repairs will be done by the
seller. This property will be available for showings until May 22,
2024. ALL OFFERS ARE DUE BY WEDNESDAY, MAY 22, 2024! Offers will be
reviewed, and the winning offer selected, on Thursday, May 23, 2024.
Bring Highest & Best on price and terms with no counteroffers. Please
schedule a showing and Inspect the home before offer submission. 10%
Minimum Escrow Deposit due within 1 day of acceptance. Proof Of Funds
must accompany the offer. If purchasing in a company name, supply
articles of incorporation. No trespassing, must have an appointment to
walk the property. The home is under surveillance.
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Cap Rate Calculator
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