7125 HOLLY STREET
About This Property
All this in a red hot zip code where the median SFH sale price is 475,000 and currently only has 2.66 months of inventory. Even if highest and best use development is not the goal and you're only interested in partially developing to clone the surrounding neighborhoods, you're looking at an improved value of 5,700,000 in less than a year. That assumes constructing only 10x SFH properties on large lots with ample easements for roads, sidewalks and utilities. With land acquisition costs under 17% of project value, you can't afford NOT to snatch up this rare gem.
Seller financing is available, with reasonable downpayment. Feel free to soft pitch numbers to listing agent before writing anything up.
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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 |
|---|---|---|---|
| Dec 7, 2023 | No longer available | - | |
| No longer available | |||
| Sep 15, 2023 | Listed | $950,000 | |
| Listed | |||
| Nov 5, 2021 | No longer available | - | |
| No longer available | |||
| Jun 25, 2021 | Relisted | $800,000 | |
| Relisted | |||
| Jun 12, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017