2724 LEON Road
About This Property
The home will require remodeling but it could be a ''showplace.'' The pluses include ALL BRICK construction, recently replumbed to include new hot water heater, roof is 10 years old, septic drain field is 5 years old, well on the property was recently installed with a 1 HP pump, new Garage Door. BugOut holds a termite bond on the home. Home is serviced by an artesian well also has a shallow well for watering.
Split level floor plan.
Quiet neighborhood, close to the beaches, the St. John's Town Center and all major highways. A hidden gem! HOME TO BE SOLD ''AS IS.'' Thank you!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2020 | Sold | ||
| Sold | |||
| Jun 21, 2020 | Listed by WATSON REALTY CORP | $225,000 | |
| Listed by WATSON REALTY CORP | |||
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017