115 East Way
About This Property
Inside, the home has been extensively renovated. The kitchen was completely redone, featuring new flooring, cabinetry, under-cabinet lighting, a stylish backsplash, and granite countertops, plus a conversion from an electric to a gas stove for a superior cooking experience. All three bathrooms have been gutted and updated with elegant natural stone and granite finishes. The first floor underwent a full transformation, including new flooring, sheetrock, and crown molding, creating a fresh and modern feel. Recent energy-efficient upgrades include a high-efficiency boiler installed in December, offering better performance than a traditional furnace, and a heat pump water heater was upgraded a few years ago, adding to the home's cost-saving and eco-friendly benefits.
Additional conveniences include a spacious two-car garage with built-in storage shelves and a workbench. This home is also walking distance to Camillus Park and just minutes from all the shopping, dining, and amenities you could need. Don't miss the opportunity to make this beautifully renovated home your own!
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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