15308 58th Road
About This Property
This fully renovated all-brick single-family home offers 3 bedrooms and 2 full bathrooms, along with a finished basement with a separate entrance, offering comfort and functionality. Renovated in 2019, this property features updated roof, windows, and heating system, ensuring a move-in ready.
With approximately 1,435 sq. ft. of living space and R4 zoning, this home offers great potential for future value and expansion.
Conveniently located near schools, supermarkets, restaurants, and local amenities, this property is just minutes from Downtown Flushing, with easy access to public transportation.
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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