105 OAK AVENUE
About This Property
The extra wide hallway on the second floor features a charming seating nook with a large window overlooking the town. There are three bedrooms on the second floor. The primary includes an attached full bath, and original fireplace mantel as does a second bedroom, adding historical touches. A third staircase on this floor leads to an attic bedroom where there is plenty of storage.
The large yard is almost one-half acre. The property still has the original carriage house, that was once used as an office. It has electricity and an old fireplace with mantel. Three generations of the Smoot family lived in this home. It has weathered two tornado, captured the hearts of artists, and graced the pages of numerous publications. The current owners acquired the home after it was restored in 2006, creating a comfortable home with modern amenities. This home is not just a house but a rare opportunity to own a piece of history.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017