117 N Maple
About This Property
The property sits on a large 0.66-acre lot and includes a two-car detached garage. Notable exterior and mechanical updates include a newer roof, vinyl windows, and updated mechanical systems. For comfort and efficiency, the home is equipped with central air and forced air natural gas heating. All essential appliances are included, such as the stove, refrigerator, dishwasher, and microwave. The home is serviced by a 100-amp electrical service, a septic tank, and a well, with all primary utilities already connected and available. Please note that the owners are licensed real estate agents.
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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