1623 Lay Boulevard
About This Property
This 3-bedroom, 1-bath home in the vibrant Edison Neighborhood offers excellent potential!
Main Floor Flex Space: The main floor bedroom has been utilized as a home office-perfect for remote work or creative space.
Upper-Level: Two additional bedrooms and a full bath are located upstairs for privacy and functionality.
Outdoor Highlights: Covered front porch, fenced backyard, ideal for pets or gatherings, and relax on the covered deck in any season.
Garage & Storage: A 1-car detached garage provides parking or extra storage options.
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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