5841 TAMPICO Road
About This Property
Tenant occupied, please do not disturb tenant. Currently leased for $650/mo. Tenant in place since November 2010. Market rent is approx $750. Approximate 10-12% return on your investment, if you finance the purchase your returns go up greatly.
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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 |
|---|---|---|---|
| Nov 18, 2013 | Sold | ||
| Sold | |||
| Sep 11, 2013 | Listed by THE LARKIN GROUP, LLC | $64,900 | |
| Listed by THE LARKIN GROUP, LLC | |||
| Apr 24, 2012 | Listed by THE LARKIN GROUP, LLC | $65,000 | |
| Listed by THE LARKIN GROUP, LLC | |||
| Feb 4, 2011 | Listed by THE LARKIN GROUP, LLC | $64,900 | |
| Listed by THE LARKIN GROUP, LLC | |||
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TURN KEY RENTAL INVESTMENT. Good returns, equity, fully remodeled and tenant occupied through Nov. 2011. All you have to do is collect the rent! Close to NAS Jax, great rental area. Currently occupied by nice young family. Rent definitely should be increased next Lease period, currently rent is 75-100 below current area market rate.
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| Dec 1, 2010 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017