5699 Redcoat Run
About This Property
Location, Location, Location! Nestled in the highly desirable Smoke Rise subdivision, this lot offers the perfect setting to build your dream home. Ideally situated near top-rated schools, major highways, convenient shopping, and 5 min away from Stone Mountain Park. This is an opportunity not to be missed. The lot provides easy access to essential utilities, including public sewer, water, and electricity. A soil test is already available, making it easier to start your building journey. With neighboring homes in the community selling between $400,000 and $800,000, this lot presents a solid investment in a fantastic neighborhood. Don't miss the chance to create your future in a location that has it all!
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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