4493 SE 101ST Street
About This Property
Looking for a property with potential? This 3 bedroom, 2 bathroom home sits on a high and dry 1-acre lot (no flood zone!) and is ready for your finishing touches. Built in 1995, the home has had much of the remodel work started, with plenty of building materials already on-site to help you continue the project.
Featuring city water, a solid structure, and great bones, this property is a perfect opportunity for a first-time homebuyer looking to build equity or an investor seeking a rental property. With some sweat equity, you can own this home for less than renting in today's market.
If you've been searching for an affordable property with space, privacy, and tons of potential-this is it!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017