157 DELAWARE AVENUE
About This Property
Step onto the charming brick porch, the perfect spot to enjoy your morning coffee or wind down with a sunset view. Inside, the main level features a large living area and a convenient half bath, perfect for entertaining. Upstairs, you'll find two bedrooms and a full bath, offering comfort and privacy.
The rear section of the home includes a second kitchen, expansive living space, two additional bedrooms, walk-in closets, and laundry-making this layout ideal for multi-generational living or tenant accommodations.
Situated on public water and sewer, there's no need to worry about septic or well maintenance. Plus, the location is a standout-proximity to downtown Laurel's restaurants, parks, ponds, and boat ramps, and just minutes from the convenience of Route 13.
Whether you're looking to settle into a roomy family home or generate rental income, this property delivers on potential and location.
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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