5247 Perry St
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 |
|---|---|---|---|
| Sep 19, 2024 | Relisted | $899,000 | |
| Relisted | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Price Decreased |
$899,000
↓ $16K
(1.8%) | |
| Price Decreased | |||
| Jun 14, 2024 | Listed | $915,000 | |
| Listed | |||
| | |||
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A perfect opportunity to own an income-producing duplex in the Regis University neighborhood with an assumable VA loan and 3.25% interest rate. 2nd mortgage with additional cash may be due at closing. Approx. two+ years have been paid down on the loan. Partner with WITHROAM.COM to assist with an assumption - ask for more details; other financing is acceptable. Ideal for a house-hack - live in one unit and rent out the other. Unit A includes 4 bed/2 bath with a large living room area and kitchen. The two basement bedrooms are conforming with egress windows. Attached to Unit A is a single-car garage. Unit B includes 3 bed/1 bath with a living area with a very large primary bedroom and living space. The two units share a common laundry area. There is an expansive and fully fenced backyard. A driveway from the front of the house leads to the oversized detached two-car garage behind the house. The backyard includes space for a garden, firepit or an expansion of the back patio. Unit A recently rented $2950/month and Unit B for $1950/month + pet rent + RUBS. With minor updates each unit, the units could command additional rent - $3500/month and $2300/month (est.), respectively. Foundation work to install piers on the NW corner of the house was completed in 2021. R-2 zoning, with the opportunity to add an ADU behind the house or above the detached garage for additional income. Both units are vacant and ready to show. Primed for versatility - house hack, long-term / mid-term / short-term rental, add an ADU, rent by room, multi-generational living, convert to a 7-bedroom home. Set up a showing today!
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| Apr 11, 2024 | Listed by RE/MAX of Cherry Creek | $899,000 | |
| Listed by RE/MAX of Cherry Creek | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017