103 ORMOND
About This Property
The first floor features three spacious bedrooms, each with large closets and wonderful original details found in classic older homes. The new full bathroom completes this level. Upstairs, you'll find the large primary suite with a fully updated bath with a double vanity and an extra-large walk-through closet. The full basement offers amazing storage space and has great potential to be finished for additional living space. Here, you will find your laundry area as well. Outside, enjoy a large backyard, ideal for summer barbecues and gardening and an oversized one car garage. Additional highlights include brand new 200 amp electrical service, updated plumbing, two new ductless mini split systems, newer water heater, central AC, and furnace. The roof and windows are less than 10 years old as well. Located in a highly desirable neighborhood, this home is just steps from the park, walking paths, and top-rated schools and a short stroll from local shops and restaurants. Plus, commuting is a breeze with easy access to Philadelphia and major highways. Don't miss out on this incredible opportunity-schedule your showing today! Professional photos are coming soon!
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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%.
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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