104 SE 5TH Avenue
About This Property
This 1928 home was built during the mission revival architectural movement and is still inspiring builders today! If you are looking for charm – look no further - this house has it all! This Spanish style home features 2bd/2ba downstairs and includes an additional 3rd bedroom and/or office upstairs.
The moment you walk through the beautifully appointed arched pecky cypress front door you will see that this home has the right balance between historic significance and modern convenience. With its bright open floor plan, high ceilings, arched doorways, built in book cases, original in-laid hardwood floors and romantic fireplace its hard not to fall in love! Recent improvements include an updated kitchen, blending the original oversized real hard wood cabinets with the modern amenities of today including granite countertops with full backsplash, built-in jenn air convection oven with glass cook top, tastefully paired with a double cast iron sink with chrome faucet keeping true to its historic charm. When finished touring the inside step out back to your lushly landscaped oversized A½ acre corner lot; with your traditional white picket fence and 44 coconut palms.
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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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About Bowers Park
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$10,000 /mo
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- 2,476 ft²
$10,000 /mo
- 3 Beds
- 3 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017