17
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4780 Clinton Street
About This Property
The flag lot configuration could provide a long driveway access that enhances privacy from the road while still delivering a generous, usable building envelope at the rear.
Utilities are available at the road, simplifying the path to construction. Ideally situated with convenient access to major routes, shopping, schools and every day amenities.
This property can give you a country- like setting- without sacrificing location. It's
basically your blank canvas to do with what you want!
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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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