4021 8th Avenue SE
About This Property
The home is move-in ready yet presents a great opportunity for those with a creative vision. This property is being sold AS IS and requires updates and some repairs - perfect for fix & flip investors, contractors, or DIY enthusiasts looking to add value through cosmetic and functional improvements. There's also an office setup, ample space for a pool, and room for horses and other livestock, offering plenty of flexibility for customization.
If you're eager to get hands-on and transform this property into a countryside oasis, this is your chance. The Seller is motivated and open to all offers!
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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 |
|---|---|---|---|
| Jan 9, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 28, 2024 | Relisted | $340,000 | |
| Relisted | |||
| Nov 30, 2024 | In contract | - | |
| In contract | |||
| Nov 28, 2024 | Relisted | $390,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017