1611 Cedar Street
About This Property
Step inside & you'll notice the character-filled arched doorways & warm ambiance. Main floor features 2 versatile bedrooms-perfect for guests, family, or a home office. Updated kitchen includes an eating area & plenty of space to cook & entertain.
Upstairs, find the primary suite w/ a spacious closet & ensuite bath, while a bonus room w/ cozy slanted ceilings is a 4th bedroom, playroom, or creative retreat.
Outside, enjoy a large fenced-in yard-great for pets, play, or gardening. Oversized 2-car detached garage includes abundant storage & an EV charger.
The basement adds more functional space w/ a laundry area, rec room & storage
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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