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1540 Corbett Lane
About This Property
The home features 4 bedrooms, 2 baths, vaulted ceilings throughout the living areas. Kitchen is nicely appointed with tall cabinets with crown molding, solid surface countertops and stainless steel appliances. There was an extra pantry added for the chef to store all those kitchen gadgets! Primary bedroom is at the rear of the house, and is quite spacious. The en-suite bathroom has a large vanity with double sinks, separate soaking tub and shower, and a large walk in closet. 3 guest bedroom are generous in size with nice closet space. Roof is less than 2 years old. Large screened back porch for relaxing outdoors.
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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