1667 ROWE Avenue
About This Property
This well loved house sits on a fenced double lot w expansive yard views from every room! It boasts updated windows , AC, & metal door w enclosed blinds . It 's equipped w a wheelchair ramp to that front door, & a large handheld showerhead in the tub/shower for people with disabilities or Seniors. The laundry/storage room addition , down stairs from the kitchen, has 2 windows for an AC unit, & a door to a covered Breezeway patio, which leads to the garage sidedoor . The 18' x 22 ' metal garage has a single car door w 5' of space on either side & a storage loft. The aluminum siding & awnings , along w storm windows & good attic insulation, make for minimal utility bills & maximum comfort.
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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