123 FOLKLORE Drive
About This Property
Redone, refreshed, and ready to go! 123 Folklore Drive has had major updates, including a brand-new roof, new flooring in the bedrooms, fresh interior paint, and more improvements throughout. The home offers 2 bedrooms plus a third non-conforming bedroom, giving you flexible space for an office, guest room, hobby room, or additional sleeping area. The open kitchen offers plenty of cabinet space and flows into the main living area, making the layout comfortable and functional. Outside is where this property really stands out. A huge workshop provides plenty of room for tools, projects, equipment, storage, or all the toys, while two carports add even more covered parking and usable space. With many of the big-ticket updates already completed and hard-to-find workshop space, this Satsuma property offers plenty of room to live, work, and make it your own.
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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