1508 Hotiyee AVENUE
About This Property
Affordable 4 Bedroom, 2 bathroom home with fenced in backyard. From the front of the home, you'll enter into the living room that has a large window providing lots of natural light. The dining room is located between the kitchen and living room. Through the kitchen you'll find a smaller guest bedroom, a laundry room with outdoor access, full bathroom, and a huge main bedroom, also with outdoor access. The other side of the home has two additional bedrooms and another bathroom. Behind the dining room you will find an additional room that could be used as an office, den/family room, game room or add a small closet and use it as a 5th bedroom. This home has a nice sized yard, the back being completely fenced with chain length fence and a wooden deck off the back of the home. This is a great home with a great price for someone looking for four+ bedrooms. Owner has added fresh paint to the entire interior of the home. New vinyl plank flooring in the main bedroom. New outlets and newer appliances. No HOA.
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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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About Sebring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017