11 MONTRANO Avenue
About This Property
Built in 1925 by Davis Shores Developer D. P. Davis, this magnificent Spanish block home was completely renovated in 1999 & many additions & upgrades have been completed since (see documents for features & upgrades list). Highlights: heart pine & oak floors, arched doors & windows, classic fireplace and modern kitchen with marble counters and custom cabinetry. Two bedrooms with shared bath are separated by common areas from the large, bright master bedroom & spacious bath with separate shower & free-standing tub. The well landscaped garden is complimented by a spectacular fountain. Above the garage is a bonus room with deck for enjoying the afternoon sea breezes. Historic downtown is just a few blocks away over the Bridge of Lions.
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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