426 N Compass Rose Circle
About This Property
Located in the established Newport subdivision, this 4 BEDROOM | 2 BATH property is the PERFECT FIX-AND-FLIP, RENTAL, OR VALUE-ADD OPPORTUNITY!!! If you are looking for a QUICK CLOSE with STRONG POTENTIAL, THIS IS IT!!! Home features a FUNCTIONAL FLOORPLAN, SPACIOUS LIVING AREA, BRICK FIREPLACE, AND EXISTING STAINLESS APPLIANCES. LARGE BEDROOMS offer flexibility for resale configuration, tenant appeal, or modernization upgrades. Situated on a GENEROUSLY SIZED, FULLY FENCED LOT with room to add OUTDOOR LIVING, STORAGE, OR FUTURE IMPROVEMENTS to increase value. The structure has GREAT BONES and is READY FOR COSMETIC UPDATES to unlock its full potential. Community offers established surroundings and access to area amenities including GOLF, POOL, AND RECREATIONAL FEATURES - making this an ATTRACTIVE LOCATION for future buyers or tenants. !!! INVESTORS - HANDYMEN - OPPORTUNITY SEEKERS !!!
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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