3855 RIVERSIDE Avenue
About This Property
Wonderful historic homes were built in 1927 and owned by one family for over 50 years. Main two story home has original wood floors and many of the original architectural features. The dining room has large bay window. The oak wood floors gleam by the stair runner and in the upstairs bedrooms. The owner's bedroom has sweet sun porch.
The detached two story home is two bedrooms and one bath. Also, detached are large work shop and laundry/storage room.
The main home is in good condition and ready for your creative ideas to make it yours. It has central heat/air. Detached home has a new roof but requires extensive repairs before it can be occupied.
Both homes are being sold as-is where where
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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 Southwest Jacksonville
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$1,495 /mo
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$1,550 /mo
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Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1115667
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017