514 Joan Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2024 | Sold | ||
| Sold | |||
| May 27, 2024 | In contract | - | |
| In contract | |||
| May 19, 2024 | Listed by Epique Realty LLC | $164,990 | |
| Listed by Epique Realty LLC | |||
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Welcome to this charming manufactured home nestled on a spacious .639-acre corner lot, offering a unique blend of tranquility and opportunity. This property features a well maintained 3 Bedrooms, 2 Bathroom home, perfect for comfortable living or as income opportunity. With no restrictions and ample space, the property is ideal for generating rental income, whether by leasing or utilizing the additional land with multiple utility poles. This property is rare find with its combination of living space, expansive land and flexible usage options. Whether you’re looking for a comfortable home, an investment opportunity, or land to develop, this corner lot property offers it all. Some of the great updates done to the property include year of 2020 Wooden Skirting, 2in Spray Foam Insulation, Metal Roof, Vinyl Flooring and Back Porch 8x10. Year 2022 Storm Back Door. Year 2023 Hot Water Heater. Sold with the property a SquareOne 20Foot Storage Container. Lot 7,8,9,10 Schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017