5825 SILVER SANDS Circle
About This Property
All offers will be reviewed on Monday, 24 June.
Calling All Investors and First Time Homebuyers!!
You need to see this amazing home, on over 2 full acres, with horseshoe drive, huge shed/workshop, 2nd storage shed, and beautiful 44 foot long covered front porch! 3 Bedrooms, 2 full baths, gas kitchen, and gas Rinnai tankless water heater! This home was only built in 2003 and has solid bones all around. Needs a new roof (not currently leaking or damaged but is original), new HVAC, and good clean-out, and your personal cosmetic touches. Priced for a quick sale and a total bargain for the new owners who are willing to invest their time and energy to create some great sweat equity!
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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