1808 Sunset Drive
About This Property
Inside, you'll find a cozy family room with a gas fireplace, kitchen featuring a gas range and dishwasher, and a convenient laundry room. The primary bath includes a stall shower, while the second bath has a tub-shower combo.
Outside, a huge detached two-car garage and concrete off-street parking add practical convenience, while the flat yard offers an ideal canvas for gardening or expansion. The pull-down attic provides additional storage options. Set on a great street, this home is just steps from Five Points' vibrant restaurants, breweries, and shops, making it the perfect base for enjoying all that this sought-after neighborhood has to offer. Whether you choose to restore its vintage character or build a dream home, this property holds exceptional promise.
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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