1601 Texas Avenue
About This Property
This residence offers versatile living with an additional office/flex space and an expansive bonus family room, ideal for entertaining, a home gym, or a media center. The interior boasts tile flooring throughout, enhanced by elegant craftsman-style trim and custom white cabinetry, beautifully paired with sleek brown fantasy stone countertops and backsplash. The kitchen is equipped with stainless steel appliances, perfect for daily living and hosting.
Benefit from the reliability of a high-quality Trane HVAC system and a thoughtfully designed layout that blends functionality with style. Positioned on a spacious corner lot, the vast backyard is perfect for pets, gatherings, or storing an RV, workshop, or outdoor toys. This property offers space, style, and endless potential.
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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