18 Gilchrest Road
About This Property
Enter an expansive entry with high ceilings facing a lovely wide staircase with open access to the living room, dining room, kitchen, and laundry room with a side door to the backyard, and a full bathroom. Off the living room, there is an office/multi-purpose room and access to a bonus room, family/gym room, and a large unfinished basement. The living room has an electric fireplace heater and the dining room has a wood burning fireplace. Upstairs there is a spacious primary bedroom and 3 additional bedrooms, custom closets, all with Anderson wood windows giving east-west light, and a full bathroom. Close to and easily accessible to everything.
Please Note: the photos show the house as Is. The photos ARE NOT staged.
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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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About Congers
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$2,790 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017