2155 NW 27TH AVENUE
About This Property
This spacious 4-bedroom, 2-bathroom home offers great potential for those looking to create their dream space or invest in a promising property. The layout includes a formal living room, a separate family room, and a versatile bonus room-providing plenty of room for relaxation, entertaining, or working from home.
Inside, you'll find a generously sized laundry room with space to add extra storage or utility options. Outside, a large shed in the backyard offers ideal storage for tools and yard equipment. The home sits on a full 1-acre lot, partially wooded, presenting an excellent opportunity to add a mother-in-law suite or an income-producing unit.
While the home needs a full renovation, it has strong bones and major updates already in place. The metal roof is just 10 years old and in great condition, and both the AC unit and hot water heater are less than 3 years old.
The property is fully enclosed with a chain-link fence-perfect for family and pets to roam safely. Located in a central area near FedEx, Chewy, and AutoZone distribution centers, this home offers convenient access to job opportunities. You're also just minutes from I-75, shopping, dining, and downtown amenities.
Don't miss the chance to unlock this property's full potential!
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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