9071 Sheridan Loop
About This Property
Developer will provide construction services to buyers looking for a turnkey package and can arrange a meeting with architects and builders after a contract for purchase is complete. Several builders and architects to choose from with construction start dates in 2025. Developer has installed a new buck fence from the entry around the outside perimeter of the lots and an exclusive entry portal designed by a local artist.
Possible owner carry terms: $100,000 down, 1st lien, 6% interest onlyon balance, paid monthly for up to 3 years. If you're building, the developer will subordinate to your construction loan, giving you a $300K+ equity stake from the beginning. You can literally start building your dream home for only $100K out of pocket.
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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 |
|---|---|---|---|
| Apr 15, 2025 | Listed by Harder Real Estate and Development, LLC | $350,000 | |
| Listed by Harder Real Estate and Development, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017