513 OAKMONT Drive
About This Property
Home also has a water softener loop plumbed. VA loan is approx $142,000 with a 3.375% interest rate. Owner is open to allowing this to be assumed without transferring certificate to buyer so that it might be assumed by someone other than a VA qualified candidate. Buyer would be responsible for lender costs involved.
Second floor includes full bath for a private bedroom area or you could enjoy this area as bonus room. As mentioned, the owner knows that a new owner will want to update and/or upgrade, but has priced accordingly. The light on the lanai works, but the fan is broken. This will not be replaced. The appliances are being left, but also AS IS. The owner is open to contributing to a buyer's closing costs, appliance allowance OR buying down a buyer's mortgage rate. 6500 watt Gas generator was working recently, but should there be a problem, it will be repaired or replaced. Larger AC unit is 5 yrs old.
Pls note that I have been advised that there is a good chance that short term rentals will not be allowed starting in Jan.
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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.
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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Price Decreased |
$420,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Jun 10, 2024 | Price Decreased |
$445,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Apr 20, 2024 | Listed by WATSON REALTY CORP | $449,900 | |
| Listed by WATSON REALTY CORP | |||
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About Bellair-Meadowbrook Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017