1008 RAY RD
About This Property
Step inside to find a bright and inviting living space, featuring large windows that let in plenty of natural light. The cozy fireplace in the living room creates a warm ambiance, perfect for relaxing evenings. The kitchen offers ample cabinet space and a functional layout, making meal prep a breeze.
Upstairs, the spacious bedrooms provide a peaceful retreat, with generous closet space and comfortable layouts. The finished basement, complete with a separate bathroom, offers fantastic potential for additional living space.
Outside, you'll find a fully fenced front and back yard, providing both privacy and a secure space for children or pets to play. The expansive lot offers plenty of room for outdoor entertaining, gardening, or simply enjoying the fresh air.
Located within walking distance to the Metro, this home is ideal for commuters, with easy access to shopping centers, restaurants, and entertainment.
Don't miss this incredible opportunity-schedule your showing today!
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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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About Chillum
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017