117 Locust Park
About This Property
This charming ranch-style home is ideally situated in the Village of Colonie, just minutes from parks, shopping, and everyday conveniences. Offering the ease of one-floor living, this home is perfect for first-time buyers or those looking to downsize. The property features three comfortable bedrooms and one full bathroom, along with a partially finished basement. The lower level has been thoughtfully utilized as both a home gym and a workspace--perfect for hobbies, projects, or additional storage. One of the standout features is the detached home office, providing a quiet, private setting for remote work or creative pursuits. Come explore the many upgrades and possibilities this unique home has to offer!
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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