7808 MCLEAN STREET
About This Property
This is the one savvy investors have been waiting for! This 4-bedroom, 2 bath home sits on a spacious half-acre lot in a highly desirable location. It's being sold strictly AS-IS and offers tremendous potential for the right buyer. The home needs TLC but has plenty of room for equity, making it ideal for a rehab, a rental, or long-term hold. The property is currently tenant-occupied through mid-July and is being sold subject to the current tenants in place. The desired closing date is as soon as possible. Seller is seeking highest net with best terms. Don't miss this opportunity to invest in a high-potential property in a great location!
📍Currently, showing will be limited to a public Open House scheduled for Friday, May 16th from 5:30 PM to 7:30 PM📍
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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