16
Map
5305 Avenue C
About This Property
RARE opportunity on this Grant-Valkaria POOL Home that offers 2 Bed 1 Bath Upstairs and also 2 Bed 2 Bathroom Downstairs. Super close to the river and boat ramps. See aerial. Large corner lot with .37 acres. The home needs to be finished but most of the work has already been done. Price of home completed is easily over $300k in todays market. Home needs new septic around $10k cost on average.
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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