682 REGINA ROAD
About This Property
Lovingly maintained by the same owner for decades, the home offers a mostly ORIGINAL INTERIOR, giving you the chance to update and personalize while building substantial equity. Key features include a ROOF Approx 9 Years old, ELECTRICAL PANEL was updated when the owner purchased it. There is Radiant HEAT with individual room thermostats, and WINDOW UNITS for COOLING. There is ATTIC SPACE with access in the hallway. The CARPORT includes a Large STORAGE & LAUNDRY ROOM. The home is located in FLOOD ZONE X – NO FLOOD INSURANCE REQUIRED. You'll love the LARGE BACK YARD with plenty of room for outdoor living or future expansion.
SOLAR PANELS were recently installed on a 25 year Lease with option to purchase after 5yrs, offering long-term energy efficiency potential. Seller is willing to Prepay $10,000 (1st 5 yrs) of Solar Panel lease. After 5 years, buyer can decide to continue leasing or purchase at discounted rate with solar company. Renovated homes in this area command significantly higher prices, making this an excellent opportunity for buyers looking to create value in a fantastic location. This is a solid home in a high-demand location. Whether you're looking to renovate and resell, hold as a long-term investment, or customize a home in a premium location, the UPSIDE POTENTIAL IS CLEAR! NO SIGHT UNSEEN OFFERS.
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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