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5720 CARNATION Road
About This Property
Priced at just $95,000 with an estimated ARV of approximately $220,000, this short sale presents an incredible opportunity to build equity and maximize returns. A contractor familiar with the project and a hard money lender are already available to assist, making this an ideal opportunity for seasoned investors or those looking to break into the investment space. Conveniently located near downtown with strong upside potential. Cash or hard money preferred.
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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 |
|---|---|---|---|
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by EXP REALTY LLC | $95,000 | |
| Listed by EXP REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017