1086 38th Avenue
About This Property
Showings Start Sunday 4/7/24.
One of a kind custom home on corner lot. Towering ceilings upon entry with light cascading down through what appears to be a look out tower. This entrance makes a real statement.
Originally built as a 2 bed /2 bath, now a 3bed/2.5 bath plus flex room to be used as you desire. It has a screened in porch on an under roof lanai overlooking the oversized backyard.
Roof was recently inspected (Feb 2024) for new insurance. Rated 6 years life remaining. 2 AC units updated in past few years as well as the water heater.
The home was well maintained and holds its retro vide with confidence.
Its ready to move in or update to your own style. Priced to move.
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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