13 Prospect Place
About This Property
The first floor offers hardwood floors throughout, 2 bedrooms, and a full bath. Second floor you'll find 3 additional bedrooms and another full bath, including a spacious primary bedroom with 2 walk-in closets. The second floor also features recessed lighting and plenty of storage. Additional features include a large basement offering plenty of storage and endless possibilities, with access through the one-car garage. Outside, enjoy a patio for grilling, a private backyard, and ample parking for 4+ vehicles. Conveniently located just minutes from the train station, major highways including the NYS Thruway, the New Jersey border, shopping, hospitals, and the vibrant Village of Suffern with its restaurants, shops, and amenities. This home offers space, flexibility, convenience, and incredible views.
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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