5145 BEIGE Street
About This Property
Featuring durable wood and vinyl siding & major systems are already in place with HVAC updated in 2023, and water heater from 2018, plus the added value of a newer well and septic systems. Roof is from 2012.
Downstairs you will find the 3 beds / 2 baths, and kitchen and living area. The upstairs level provides the 4th bedroom which could be used as a home office, bonus room, or playroom.
This property is a solid canvas needing remodeling including flooring, paint, and kitchen and bath updates.
Post-occupancy will be required. The property is owner occupied. Showing times to be agreed in advance. Looking for a home you can truly make your own? This is your chance to buy at a discounted price and remodel to match your visionwithout paying today's market premiums. A perfect opportunity for buyers who want customization, value, and long-term upside.
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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 Southeast Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017