13 Locust Street
About This Property
Step inside to a completely renovated interior featuring a bright and inviting open floor plan that seamlessly connects the living room, dining area, and kitchen-perfect for modern living and entertaining. The space is enhanced with recessed lighting and vinyl wood plank flooring throughout. The brand-new kitchen boasts white shaker-style cabinets, quartz countertops, a center island, and a full stainless steel appliance package. A stylishly updated half bath with ceramic tile flooring and a convenient main-level laundry room complete the first floor.
Upstairs, you'll find two spacious bedrooms, both with walk-in closets, and a fully renovated full bath with ceramic tile finishes. The home also offers a full unfinished basement, perfect for storage.
Enjoy outdoor living in the fully fenced yard featuring a deck and a storage shed-ideal for relaxing or entertaining.
Whether you're looking for a summer getaway, year-round residence, or investment opportunity, this home checks all the boxes. Don't miss this rare chance to own a piece of the shore lifestyle!
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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