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723 Ixora Avenue
About This Property
Here's a golden chance for INVESTORS! This 3-bedroom, 2-bathroom house on a corner lot is a fixer upper, but it's loaded with potential and priced for good ROI. Inside, there's a cozy wood-burning fireplace, family room, great room, and an extra room for flexibility. Outside, you've got an open front porch and a big back porch to enjoy. Plus, there's a bonus kitchenette for extra convenience. The roof was replaced about 4/5 years ago, so you're off to a good start. This property provides flexibility for upgrades without HOA fees.
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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 |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| Jul 21, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Relisted | $299,000 | |
| Relisted | |||
| Jun 8, 2024 | In contract | - | |
| In contract | |||
| May 31, 2024 | Price Decreased |
$285,000
↓ $14K
(4.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017