136 Lamon Drive
About This Property
Let's be clear:
This home is well lived in. The walls need paint. There are marks, wear, and signs of life. The photos? They're better than the home appears in person-this home will take effort. And that's exactly where the opportunity is.
✔ Single-level living (rare for this size)
✔ 5 true bedrooms + flex space for office, den, or overflow
✔ Spacious footprint with a layout worth investing in
✔ Yard with room to reimagine, redesign, and create something special
This is not for someone looking for turnkey. This is for someone who sees potential, understands value, and wants to create a home that reflects them.
If you've been waiting for something you can shape, aren't afraid of a project--and understands what it can be -this kind of opportunity that doesn't come along often.
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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