16 The Common
About This Property
two bath ranch-style condo that backs up to a private, wooded setting. Close to shopping, restaurants, medical offices and the Niagara County Golf Course, convenience comes standard with this property. There is an owner's suite with full bath and a walk-in California Closet. Another full bath is across from the second bedroom. A separate den has French doors that lead to a patio and a view of the woods. The spacious living room with fireplace (NRTC) opens to the dining room & den. The efficient kitchen includes stove, refrigerator, dishwasher and over-the-stove microwave. The full basement has lots of room for storage and a workshop. The attached, two car garage keeps your vehicles out of the weather. The condo association takes care of exterior maintenance, snow removal and roofing. One small dog (25lbs. and under) is permitted.
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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