120 River Drive
About This Property
Wood burning fireplace. Open concept kitchen with shaker style soft close cabinets, quartz counters, Farmhouse sink, stainless appliances & large walk in pantry. Fabulous center island with butcher block top & built in microwave. Master suite includes over sized ensuite with generous walk in closet, expansive bathroom with modern floating cabinets, stand alone soaking tub, walk in shower with rain head. New 2017 Impact windows, doors, A/C & duct work, plumbing, electrical panel & fixtures. Roof 2015. Move in ready, fast close.
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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