114 Half Moon Road
About This Property
The home retains its 1900 charm with the original banister, pocket doors, and some original doors throughout. The dry basement offers ample storage space, and includes a washer & dryer. Additional features include an electronic water purifier, 3 thermostats, and wiring for a generator. Black-top driveway leads to side door of kitchen. Additional driveway that is separate, leads to shed/workshop. With 220-amp service in both the home and the workshop/shed, the property offers plenty of potential. A durable tin roof adds to the home's appeal, making this a must-see for those seeking a perfect blend of old-world charm and modern amenities.
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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