364 Watersedge Terrace DR
About This Property
This property currently features a total of 6 structures. Two of these structures are in close to livable condition and will need some level of remodel/make ready. The remaining 4 structures are not in livable condition.
While the property is currently in the process of being cleaned up by the owner, the potential of a pristine and well-maintained estate is evident. As many new homes have been built up in the area.
Whether you're looking for a weekend retreat or a permanent residence, this property offers the perfect balance of tranquility and accessibility. Take advantage of the proximity to the city while still relishing the privacy and serenity of your own riverfront oasis.
Don't miss out on the opportunity to make this property your own. Embrace the potential, bring your vision to life, and create a home that seamlessly integrates with the natural beauty of this property. Professional photos coming soon.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 8, 2024 | In contract | - | |
| In contract | |||
| Feb 27, 2024 | Price Decreased |
$289,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Feb 19, 2024 | Listed by MODUS Real Estate | $299,000 | |
| Listed by MODUS Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017