129 Miller Street
About This Property
This property is being sold AS-IS and will require some updates. It is currently without heat, and the pipes have burst, meaning repairs will be necessary before occupancy. However, with the right vision and improvements, this home can be transformed into a wonderful residence or a profitable rental property. Whether you're an investor or a homeowner looking for a fixer-upper, this is a chance to create value in an established neighborhood.
For those willing to put in the work, 129 Miller St offers a great foundation with plenty of potential. Don't miss out on this opportunity-schedule a showing today!
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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