10550 FAIRLANE Drive
About This Property
The home was fully remodeled in 2019, with updated PVC plumbing, a completely rewired electrical system, and new insulation. The kitchen dazzles with a fresh remodel, complete with a stylish backsplash. Both bathrooms were also updated in 2019, and throughout, you'll enjoy beautiful tile flooring--no carpet.
The roof is in excellent condition with no leaks, and the seller is committed to replacing it before closing, ensuring peace of mind for the new owner. The interior was freshly painted just three weeks ago, while the exterior was done four years ago. Among the appliances, the microwave is brand new from 2026. Plus, motion-detecting lights illuminate both front and back. Don't miss this meticulously cared-for gem!
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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