15 Groton Lane
About This Property
A beautifully renovated ranch in the heart of Coram! This 3-bedroom, 1-bathroom home has been fully updated inside, featuring a brand new kitchen and a new bathroom with modern finishes throughout. Stay comfortable year round with central air conditioning and efficient gas heat. Step outside to your own private oasis complete with a large in-ground pool and a covered patio, perfect for summer entertaining, all surrounded by a brand new fence for privacy and peace of mind. Set on a .34 acre lot, the home also offers a one car garage, public sewers, and a newly upgraded 100-amp electrical panel giving you the updates and reliability today's buyers are looking for. Don't miss your chance to own this beautifully updated home, schedule your private showing today!
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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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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017