288 Jones Drive
About This Property
This property is being sold as a major renovation or teardown; an ideal canvas to build your dream home in an area seeing ongoing redevelopment and new construction. Several $1M+ new single-family homes are in nearby plus the size of the lot gives you great space to build. Major systems like a new HVAC and hot water heater plus a new main line to the houses are ready for the new homeowner. You're close to the action. Bonus local history: the land was formerly part of Roswell Church, adding a unique layer of story to this already special setting. If you've been looking for walkability + future value + a custom-build opportunity near Downtown Roswell, this is an amazing opportunity.
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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