12039 Olean Road
About This Property
The back yard where the newer septic/leech field is located is fully fenced. The well can be found in the front yard. According to the seller- the furnace is approx. 10 years old and the hot water tank is about 8 years old. Enjoy lower electricity bills with Arcade Electric.
This house is priced below full market value and is located right in the heart of Chaffee near plenty of strip plazas for shopping and dining. Electric stove, fridge and microwave stay.
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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