119 Timber Lane
About This Property
A continual 'Orkin' (subterranean and dry wood termite) prevention system has been in place since prior to owners purchase, last visit Spring 2020. Sliders and French doors with accordion shutters and panel shutters for the windows. You will not be disappointed with this one! 3D walk through and video tour included with this listing.
**Asking price is lower than a recent refinance appraisal**
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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