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2300 Summer Brook Street
About This Property
Similar homes in this subdivision are going for close to $600k! The only ''real'' work this home needs is a new roof, the rest would be cosmetic.
The owner has already received estimates for roof and for a complete renovation. We have been instructed to list it at this crazy low price for a quick sale. If we don't have a contract in 30 days, the owner will complete the renovations and re-list at upward of $600k.
Identical pool home model in neighborhood listed at $598k and is already under contract.
This is NO JOKE! Great investment for a fix and flip or amazing opportunity for a family to enter this neighborhood at a price point that otherwise would be impossible to find.
Home is very well kept and aside from roof is absolutely move in ready. Original owner, used sparingly over the years as mostly a vacation home.
Act quickly!
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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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About Summer Brook
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,900 /mo
- 3 Beds
- 2 Baths
- 1,779 ft²
$3,000 /mo
- 4 Beds
- 2 Baths
- 2,497 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017