5801 NW 113th Terrace
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 |
|---|---|---|---|
| Jul 10, 2023 | Sold | ||
| Sold | |||
| Jun 5, 2023 | No longer available | - | |
| No longer available | |||
| Mar 5, 2023 | In contract | - | |
| In contract | |||
| Feb 11, 2023 | No longer available | - | |
| No longer available | |||
| Feb 10, 2023 | Listed by 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty | $899,000 | |
| Listed by 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty | |||
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INVESTMENT OPPORTUNITY!!! Welcome to your future income producing home! This wonderful property offers different options for rental opportunities. This home used to be a disability center for children, where the home needed various exits, making it possible to have multiple options for income. The main entrance in front of the house offers a living room with 2/1 which can be rented for $3,500. The other side offers a 2/1 with a living room & kitchen (smaller sq ft than the main area) which can be rented for $2,700 with a private entrance. There are 3 other sides that offer a great sized efficiencies with a bathroom & kitchenette that can be rented for $1,500 a side. There is also a half bath outside next to the pool. House has a commercial generator that is valued at $40,000. The manager has listed the unit size as 2660 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017