2305 Southside Drive
About This Property
This cozy home offers a fantastic opportunity for homeowners or investors looking to renovate and make it their own! Situated in a desirable neighborhood, the property features good bones and endless potential. The layout includes a living room, kitchen-dining area, bedrooms, and a bathroom all waiting for your creative vision.
Key Features: 2-Bedroom 1-Bath.
Large backyard perfect for gardening, entertaining, or relaxing.
Some hardwood floors ready to be restored.
1-Car garage.
While the home requires remodeling, the location and structure provide an excellent starting point. This is a great opportunity for those looking to add value through renovations, whether you're a first-time homeowner looking for a project or an investor aiming to flip or rent. Conveniently located near schools, shopping, and the park.
Don't miss the chance to transform this diamond in the rough into your dream home!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | Listed by KWSynergy | $60,000 | |
| Listed by KWSynergy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017