162 MIDSUMMER DR
About This Property
As one would expect a family home to be, 162 Midsummer is in a nice, leafy suburban neighborhood with mature trees, sidewalks and lots of courts for safe bike riding, plus community pool, tot lots and playgrounds. LOCATION LOCATION LOCATION: close to all major commuter routes, major employers, medical services, colleges and more.
But wait! There's more! This home is priced BELOW the appraised value!! See disclosures for appraisal and more information. Home expected to be ready for showings on Saturday, January 18 (maybe earlier) – book your appointment now!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017