8802 1ST AVE
About This Property
This home also offers potential for further customization, with an unfinished lower level already plumbed for a full bathroom and kitchenette. Many renovations including the primary bathroom, 2nd bathroom, wood replacement in the Florida room, ceiling replacement and modernization with recessed lighting, as well as paining the entire house.. While being sold in as-is condition, this move-in ready residence presents a remarkable opportunity for those with a vision to transform it into their dream home. Don't miss the chance to make this stunning property your own.
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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 |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 19, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Listed by Coldwell Banker Realty | $875,000 | |
| Listed by Coldwell Banker Realty | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017