Steven Benshabat
This listing was posted on RealtyWW.
$899,999
Home For Sale In Brooklyn, New York
Price:
$899,999
BR/BA:
10+ BR, 6 BA
Location:
307 E 54th St Apt 6, Brooklyn, NY
Description:
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.For more details: https://realtyww.info/homes_brooklyn-d523175/for-sale_i70055529
Property Type:
Single-Family Houses
Posted:
March 31 on RealtyWW
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More About this Listing: Home For Sale In Brooklyn, New York
Home For Sale In Brooklyn, New York is a 10+ BR 6.5 Bath Single-Family Homes for Sale at 307 E 54th St Apt 6 in Brooklyn NY. Find other listings like Home For Sale In Brooklyn, New York and listings near 307 E 54th St Apt 6 by searching Oodle Classifieds for 10+ BR 6.5 Bath Single-Family Homes for Sale in Brooklyn NY.
Home For Sale In Brooklyn, New York is a 10+ BR 6.5 Bath Single-Family Homes for Sale at 307 E 54th St Apt 6 in Brooklyn NY. Find other listings like Home For Sale In Brooklyn, New York and listings near 307 E 54th St Apt 6 by searching Oodle Classifieds for 10+ BR 6.5 Bath Single-Family Homes for Sale in Brooklyn NY.