113 N PACKARD STREET
About This Property
Major updates include a newer roof (under 3 years old), gas heating system (under 6 years old), updated main-level bathroom, and completely updated electric and plumbing systems, including a new sewer line. The second floor features a brand-new bathroom with a beautifully tiled shower and new tile floors. 3 well sized bedrooms and HUGE walk in hallway closet. Clean full basement perfect for storage space.
Conveniently located within walking distance to town, this home offers both comfort and accessibility.
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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