8873 DOE Lane
About This Property
Owner financing available with a min requirement of 60% down, other terms can be negotiated.
The property is believed to have septic and a well, but the seller cannot confirm their locations.
Due to limited information from the seller, interested buyers are strongly encouraged to carry out their own due diligence and inspections. The after-repair value (ARV) will depend on your personal remodeling plans and skills. This project presents a chance to infuse a home with your own style and potentially increase its value significantly. Come and explore this opportunity today!
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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