1008 Botany Lane
About This Property
The expansive corner lot provides room for RV or boat parking, and an electric car charger is conveniently installed. The interior boasts luxury vinyl plank flooring, creating a durable and attractive surface throughout. Ceiling fans are installed to help regulate the temperature and provide air circulation.
The primary bedroom includes a walk-in closet, providing additional storage space. The bathroom features a walk-in shower, adding to the home's modern amenities. The additional two bedrooms and bathroom offer flexible living options to suit a variety of needs.
Vinyl plank flooring installed and both bathrooms remodeled in 11/23. Roof replaced in 7/2018, gas water heater approx 6 years new.
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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