1688 PAPAYA STREET
About This Property
Step inside to a bright, open-concept layout featuring a modern kitchen that flows seamlessly into the living area, which is perfect for everyday living and entertaining. Enjoy the outdoors year-round with a spacious 15x20 screened-in rear deck that brings you right into nature, plus a charming 15x10 covered front porch ideal for morning coffee.
A standout feature is the detached 3-car metal garage with high ceilings, ideal for vehicles, storage, or a workshop, along with an RV hookup conveniently located behind the garage.
Major conveniences are already in place, including well water with double filtration and softener and a septic system positioned toward the rear of the property. Kitchen and laundry appliances (just 2 years old) are included, making this home truly move-in ready.
If you're looking for space, privacy, and quiet living this is the one for you!
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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