This is the deal that you are being waiting for, amazing location,
huge home. Formal living room, open kitchen, all granite, all
tiled, extra den could be an office or a 5th bedroom, plenty space
for a pool, a boat in a private backyard, tropical fruit trees,
mangos, etc., this home is priced right for a fast sale, comparable
under RPR indicates an RVM of $ 845,000 dollars. Yet the seller
said "SALE IT". Property just vacant after a 4 years tenants,
is freshly painted but will need some love and attention to bring
it back to your standards, Roof was done in 2014, A/C replaced in
2020, new washer and dryer, Appliances around 5 years, all SS,
double door refrigerator around 2 years old. Seller may finance
with 20% down at 6.5% for a balloon for 3 years, Also for rent MLS
B26029944.
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.
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Oven, Range, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
Flooring Type: Ceramic Tile
Door Features: French Doors
Laundry Features: Inside, Laundry Room
Exterior Details
Square Footage: 2062
Square Footage Source: $0
Security Features: Fire Alarm, Smoke Detector(s), Security Lights, MotionDetectors
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017