16 Blue Grass
About This Property
Huge 25.5 x 15.4 Family/Great Room is one of its best features! Add to that a gourmet kitchen with updated Stainless Steel appliances, hardwood floors, some new carpeting. Updated windows, electric, boiler, wall air conditioner. Two pellet stoves, one installed in 2015, add to the ambiance. Finished lower level Family Room has multiple uses. Plenty of room to roam outside. Three additional lots are included in acreage and are already subdivided. Quiet residential street. Easy commute via I-84 and Metro North. Additional Information: HeatingFuel:Oil Above Ground,
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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