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801 Poplar Lane
About This Property
Investor Alert -- Cash Only Opportunity
This 4-bedroom, 2-bath home is ready for its next owner and offers strong flip or investment potential. Located on a large corner lot near FIT, with new communities developing throughout the surrounding area.
Major positives include a new roof, updated plumbing, tile throughout, a spacious kitchen with granite countertops, and a large lot.
The property does need work and is being sold cash only due to known structural damage. Additional repairs needed include windows, drywall, and finishing flooring.
Renovated homes in the area are selling around $250,000, making this a solid opportunity for an investor, contractor, or experienced buyer looking for their next project.
Cash only. Serious investors only.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017