18015 PALM STREET
About This Property
Don't miss this spacious 3-bedroom, 2-bath block home situated on a desirable corner lot in Umatilla! Offering over 1,700 sq ft of air-conditioned living space, this property combines comfort, function, and value.
Key upgrades include a *new roof (2018)*, *updated plumbing (2007)*, and *A/C system (2008)*-providing peace of mind for years to come. The home features *city water and septic*, plus a *fully fenced yard* with *utility shed equipped with electricity*, ideal for extra storage, hobbies, or a workshop.
The garage has been converted into additional living space, adding flexibility for a home office, gym, or bonus room-but can easily be converted back if desired.
Enjoy *deeded access to a large, spring-fed lake*, perfect for fishing, kayaking, or simply enjoying the outdoors.
With **no HOA**, this home offers both freedom and opportunity-whether you're a first-time buyer, growing family, or investor. Conveniently located near local schools, parks, and amenities.
Schedule your private showing today!
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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