8243 CONCORD Boulevard E
About This Property
The home has strong bones with key updates already completed: HVAC (2020), PVC plumbing, re-wired in 2003, original hardwood floors, and an updated primary bathroom located on the second floor. Ideal layout for a long-term residence or renovation project.
Property will need a new roof, pool replastering, and cosmetic updates, making this a perfect value-add opportunity. With its prime riverfront location and generous lot size, this home has the potential to be a true forever home or an exceptional investment.
Waterfront opportunities like this don't come around often. Bring your vision and unlock the value.
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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