409 Debora DR
About This Property
Priced significantly below market value, this property presents a rare opportunity in a neighborhood where comparable homes are listed in the $400,000s to $500,000s. It is ideal for an investor or primary home owner looking for immediate equity.
While the home is currently without utilities due to the seller's situation, it remains in mostly good shape and requires only minor cosmetic updates and make-ready tasks to reach its full potential.
Ideal for investors or buyers looking to build immediate equity, this home is nearly turnkey. If you're an investor looking, this home could operate as a successful long term, mid term or short term rental property. Buyer to do their own due diligence. Don't miss out on this chance to own a beautiful home in a desirable location in Georgetown.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2024 | In contract | - | |
| In contract | |||
| May 17, 2024 | Listed by MODUS Real Estate | $349,000 | |
| Listed by MODUS Real Estate | |||
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About Sierra Vista
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Listed Office: MODUS Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 920-5653
Last Updated: 2024-07-30 06:05:27
Data Source: Unlock MLS, MLS# ACT7585686
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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