351 RIVER REACH Road
About This Property
Exterior is finished.
Major items already repaired/updated: New roof, new roof decking, exterior chimney rebuilt, new windows, drywall, lap siding, lot clean up, All New concrete driveway and walkway to Newly enlarged front porch.
Have Equity on Day One!
Ready for Your paint, flooring, ceiling texture, kitchen and bathroom updates. Large Lot! .65 Acre.
Prefer cash offer with fast closing but also willing to work with your 203k loan to fund remodeling it yourself. Or a Handyman could knock this out quick!
Would also Make a Great Rental.
Estimated after repaired value is @$260,000.
AC, Plumbing, Electrical systems all appear to be working properly.
In the event of multiple offers, fastest closing helps!
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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