159 Park Avenue
About This Property
Located on a quiet street with no neighbors directly behind, and within walking distance to downtown Allegan, this home is sure to please. Step inside and you'll love the ample living space and modern finishes. There are two living areas on the main floor, a full bath, spacious dining room, a huge kitchen with pantry/storage closet and included appliances. Upstairs are all three bedrooms, a full bath, and conveniently located laundry hook ups. This home is move-in ready and available with possession at close so schedule your 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017