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9608 N 16TH Place
About This Property
Bring your vision and toolbelt to this spacious 3-bedroom, 2-bathroom single-story home offering 1,830 square feet of endless potential. Nestled against a scenic mountain backdrop in a quiet foothills neighborhood, this property needs TLC and cosmetic updating, but the major peace-of-mind mechanicals have already been started for you: a newer A/C unit installed in 2018, all updated dual-pane windows, and updated appliances.
Inside, you'll discover a generous layout with multiple living spaces, including separate living and family areas plus bonus space that can easily function as a home office, game room, or hobby room. Outside, enjoy a private backyard setting surrounded by mountain views Enjoy a prime central location just minutes from the Phoenix Mountain Preserve hiking trails, local dining, shopping, and easy freeway access. Whether you're an investor seeking your next profitable renovation project or a buyer eager to build sweat equity in a high-demand area, this fixer-upper is an outstanding opportunity. Don't miss out!
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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