765 REDFIN Drive
About This Property
Because of the smoke and water damage to the rest of the house resulting from the fire and actions to contain the fire, the entire house was remediated down to the studs. In the process, a new roof was installed over the whole house in 2018. All appliances, including water heater and furnace, were replaced. All repairs/remediations were fully permitted during the process. The demo permit was issued on December 20, 2017. Final permits for Electrical, Plumbing, and Mechanical passed on January 15, 2019.
The claim was submitted to and paid by Liberty Mutual. Liberty Mutual still carries the homeowner's policy on the property.
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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 |
|---|---|---|---|
| May 12, 2023 | Sold | ||
| Sold | |||
| Feb 2, 2023 | Listed by FIRST COAST REALTY OF JACKSONVILLE INC | $439,500 | |
| Listed by FIRST COAST REALTY OF JACKSONVILLE INC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017