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2230 4TH STREET
About This Property
The existing 3-bedroom, 1-bath wood-frame home is in need of significant repairs and is being sold strictly as-is. Whether you're looking for your next fix-and-flip project, rental investment, or homesite for new construction, the value here is in the possibilities and the oversized lot.
Located in an established area of Mulberry with convenient access to schools, shopping, and major roadways. Large lots like this are becoming harder to find, especially at this price point.
Bring your vision, your contractor, and your cash offer. Opportunities like this do not 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017