14 bedroom house for sale
Brooklyn NY 11203
- Property Type
- House
- Price
- $899,999
- Beds
- 14
- Baths
- 6
Overview
1. Income: The total monthly rental income is $8, 225. Annually, this amounts to $98, 700. 2. Expenses: ? Taxes: $20, 000 ? Insurance: $4, 200 ? Water: $5, 200 ? Electric: $900 ? Gas heat: $6, 000 Total expenses amount to $36, 300 annually. 3. Net Operating Income (NOI): ? Gross income: $98, 700 ? Expenses: $36, 300 NOI = Gross Income - Expenses = $98, 700 - $36, 300 = $62, 400 4. Capitalization Rate (Cap Rate): ? Cap Rate = NOI / Property Value ? Assuming a property value of approximately 10x the NOI, Property Value = $62, 400 10 = $624, 000 ? Cap Rate = $62, 400 / $624, 000 = 0.1 or 10% 5. Return on Investment (ROI): ? ROI = (Net Profit / Cost of Investment) 100 ? Assuming the cost of investment is the property value, ? ROI = ($62, 400 / $624, 000) 100 = 10% This property appears to offer a decent return on investment with a cap rate and ROI both at 10%, indicating it could be a promising investment opportunity. However, further due diligence would be advisable, including consideration of maintenance costs, vacancy rates, and potential for rent increases.
Details
- Beds: 14
- Baths: 6
- Price: $899,999
- Reference No.: 70055529
- Area: 5,832 sqft
Location
Brooklyn NY 11203
14 bedroom house for saleRelated Properties
Disclaimer
2024-03-31, Viewed 0 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-31, Viewed 0 times.
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