316 Snowshoe Loop
About This Property
Discover a premier "blank canvas" in the desirable Land Harbor community. Being sold strictly as-is, it is the perfect project for an investor or DIYer looking to create a custom mountain retreat. 700 sq ft unfinished basement has bedrooms and plumbing, just needs heat added and flooring to be added to total area. Due to the current as-is state of the home-including necessary roof, foundation, and interior repairs-it will require some effort but it is also a diamond in the rough for the right buyer.
? High-demand area with strong resale value. ? Complete creative control over finishes. Bring your contractor and your vision. Serious inquiries only-secure your next high-margin project today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017