107 MICHAEL AVENUE
About This Property
Sitting on an impressive double lot, the property provides endless possibilities expand with a large addition or simply enjoy the generous yard as your own private outdoor retreat. This solid home features 3 bedrooms, 1 full bath, and 1 half bath, along with a spacious and functional layout that's ready for your personal touches.
You'll love the bright and inviting sunroom, perfect as a cozy reading area, playroom, or relaxing lounge. The home also offers a warm and comfortable family room, ideal for gatherings or quiet evenings in.
The corner lot provides added privacy and curb appeal, while the oversized driveway ensures plenty of parking.
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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