3101 CLIFTON AVENUE
About This Property
The potential is substantial for the right investor willing to take on the renovation. Once completed and properly permitted, the property could become a valuable addition to a rental portfolio with multiple income-producing units. The property features 5 bedrooms and 4 bathrooms as currently represented.
Buyer is responsible for obtaining all necessary permits and completing all required inspections. Seller has no reports available and makes no representations regarding the status, quality, or code compliance of any completed work, or whether any work has passed inspection. Buyer must conduct their own due diligence and verify the existing configuration, permits, zoning, and feasibility of the proposed use. Property is sold as-is. Bring your contractors, evaluate the potential, and explore the opportunity this property presents.
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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 Southwestern Baltimore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017