4488 Kirk Road
About This Property
4/2 CONVERTED FROM A 3/2 EASILY REMOVABLE. LIVING ROOM WAS 33X15 HUGE SO CONVERTED PART TO NEW BEDROOM HAS WINDOW AND CLOSET 10X10
TENENT OCCUPIED 1600 PER MONTH RENT MAY TAKE WITH TENENTS MONTH TO MONTH OR PURCHASE WITHOUT. PICTURES DO NOT REFLECT TENENT OCCUPANCY SO MUST SEE. HUGE BACKYARD AND HUGE FRONT YARD. Interior pics coming soon!MAY BE ABLE TO GET PERMIT FOR ANOTHER BUILDING .TREMENDOUS ROOM FOR PARKING .NO GARAGE HOWEVER AMPLE ROOM TO REPAVE AND PUT A PARKING LOT IF PERMIT ALLOWED.WAS PREVOIUSLY PURCHASED TO PUT IN A NURSERY SCHOOL. NEW APPLIANCES, NEW KITCHEN IN OCT 2014, NEW APPLIANCES IN KITCHEN, NEW SINK AND CUPBOARDS IN WASHROOM AS WELL AND NEW WASHER AND DRYER. NEW WATER TREATMENT SYSTEM, JUST UNDER AN ACRE BUT NOT QUITE, MANGO AND COCONUT TREE. FOR A HOME IN 1948 IT LOOKS LIKE A MUCH NEWER HOME INSIDE .DO NOT KNOW THE CONDITION OF ROOF BUT WAS INSPECTED FOR LEAKS BEFORE BOUGHT IN DEC 2014 THIS DOES NOT MEAN IT IS IN BAD CONDITION IT MEANS I DO NOT KNOW.. GREAT DEAL FOR NEW BUSINESS IF PERMITTED OR RENTAL OR GREAT LIVING AREA VERY UPDATED.
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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%.
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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 Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017