9431 Mirage Avenue
About This Property
3 Bedroom, 1.5 Bath Home with ADU Potential!
This charming property offers a unique opportunity to build an Accessory Dwelling Unit (ADU) on its spacious 8,280 sq. ft. lot. Perfect for additional rental income or a guest house!• Check Local Regulations: Ensure you understand the zoning laws and setback requirements in your area. Ideal for RV parking, storage, or your toys, patio or Deck: Create a space for outdoor dining and relaxation.
Garden: Add a vegetable or flower garden to increase curb appeal and provide fresh produce.
Play Area: If targeting families, a small playground can be a great addition
Prime Location: Near Masjid, churches, Close to schools shopping centers, and more. Great schools and community. Don't miss out on this fantastic opportunity to own a property with so much potential. Whether you're looking to invest or find your dream home.
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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 |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2024 | Listed by Realty Masters & Associates | $948,000 | |
| Listed by Realty Masters & Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017