1423 Ellis Fallon LOOP
About This Property
A new high-efficiency Lennox HVAC system for year-round comfort, a new water heater, and a completely reinstalled garage door for ease and security. Upstairs, the spacious primary suite and additional bedrooms offer ample space to retreat at the end of your day. Situated in a boutique, gated community, you'll have easy access to a central playground and basketball court, surrounded by lush shade trees and just a short walk away. This home and community offer the perfect setting for living your best life!
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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