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1596 16th St
About This Property
modern construction and a contemporary floor plan. Vaulted ceilings, double pane windows bring in lots of light. West facing
front porch. Primary bedroom with large walk-in closet and enclosed south facing sunroom. Perfectly maintained with upgrades throughout. Granite, stainless appliances, wood floors and newer furnace and water heater. Full crawl space with room to stand and two access points offers great storage. Easy maintenance.
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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