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18 Ithaca Street
About This Property
The updated kitchen boasts granite countertops and flows seamlessly into the living and dining areas-perfect for everyday living and entertaining. Enjoy year-round comfort with gas heat and central air, along with the added value of a 4-year-old 40-year architectural roof and upgraded 200 amp electric service.
Exterior highlights include a detached garage with its own 100 amp service, a large circular driveway, PVC fencing, and a spacious paver patio ideal for outdoor gatherings. Situated on a quiet dead-end block and conveniently located near the train station, this home offers both privacy and accessibility.
A rare find with room to grow-don't miss this exceptional opportunity!
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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 Lindenhurst
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017