1407 WALNUT Street
About This Property
This stunning historic bungalow is the perfect combination of modern conveniences and historic charm! The sweetest front porch is perfect for morning coffee or evening cocktails with neighbors. As you enter, note the oversized ceilings, open concept layout, and brand new vinyl plank flooring. An original (nonworking) fireplace adds so much character to the kitchen and the openness of the living, dining, and kitchen make this a fun place to entertain! The kitchen boasts stainless steel appliances, white shaker cabinetry, ample storage, and beautiful quartz countertops. A renovated full bathroom is convenient for the second bathroom and for guests. The first floor primary suite features a tile shower, lots of natural sunlight, and access to laundry. Fenced backyard is great for pets and back porch is a quaint spot for plants/garden equipment. This lovely home is move in ready, boasting a brand new roof, brand new HVAC, brand new kitchen, and updated electric. Just blocks from Silkies, 1748 Bakehouse, multiple breweries, and all of the happenings of Main Street!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017