5194 DEBRA ROAD
About This Property
The home has been professionally detail-cleaned and is ready for its next chapter. Fully paid-off solar panels will convey with the property, allowing the new owner to enjoy the benefits of solar energy without an ongoing panel payment or lease. While cosmetic updates would give the home a fresh new look, its existing layout provides an excellent foundation for your vision.
Out back, the waterfront setting offers peaceful views and plenty of potential for creating an inviting outdoor space. The driveway and bulkhead are in need of repair, giving the next owner the opportunity to make improvements according to their own preferences. Whether you are searching for a full-time residence, weekend getaway, or renovation project near the Chesapeake Bay, this property is full of possibilities. Schedule your private showing and imagine what you could create!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017