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5102 SUNRISE BOULEVARD
About This Property
Infill lots at this price point are getting harder to find inside the city core, and this one sits in a neighborhood of long-time homeowners with steady appreciation and no HOA. Whether you're a family ready to build the home you actually want, an investor planning a rental in a proven rental corridor, or a builder looking for a spec opportunity, the location does the heavy lifting. Quick access to SR-50, SR-408, and the 417 puts the entire metro within reach.
Buyer to verify zoning, setbacks, and utility connections with the county. Bring your plans, or let us help you build them.
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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