6217 MONCRIEF Road
About This Property
Replumbed, fenced in yard, etc. Can park RV, large, truck etc, on the land given the size. Ready for first time home owner with a litte sweat equity or investor to completely get it back to where it needs to be and possibly build additional homes on large lot given the platted lots. Land sits between two roads, Moncrief Rd W in front and Leona Street in the back of it. Kitchen needs to be installed. Solid structure.
Owner will consider fixing floors, putting new roof, and install AC for full offer provided for a CASH OFFER.
Owner will also consider portion of purchase price owner financing. About 20% of purchase price or so willing to finance at 4%. Perfect for an investor to renovate, build multiple homes on 6 lots given parcel sits between two roads, or every day handyman to make it their own. Beautiful piece of property with lots of space and multiple trees for shade. There is a block shed behind the home for someone to create a workshop which has power and water. Property is fenced all the way around as well. Enough space for a camper, large truck, etc.
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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