5009 Hemby Road
About This Property
This home was being used for a small construction office. 5 great office spaces plus 2 conference room areas. All handicap & safety measures are in place including lighted exit signage to continue use as a small business office. Parking spaces available for 10 cars plus a huge 3 car garage. Great location. Weddington schools. Can be converted back to residential if wanted. There is a sunroom that has been heated/cooled but not added to the square footage which takes the house to over 3000 feet.
This home underwent extensive remodeling 2 years ago. All new appliances, bathroom up fits, new HVAC system, all new LVP flooring thru-out. Some new plumbing and electrical. all to current code.
Home is being sold "AS IS". No repairs. No warranty implied or given on the Fireplace as it has not been tested or used.
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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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About Weddington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017