18312 16TH AVENUE
About This Property
insulation, drywall, texture, and fresh paint throughout. The home measures approximately 48 ft x 25 ft (1,200 sq ft), although public records
reflect 1,104 sq ft. The kitchen was fully remodeled in December 2017, featuring oak cabinets, new countertops, sink, faucets, and stainless
steel appliances. Laminate flooring was installed in the kitchen, dining room, living room, laundry room, and hallway (July 2024), with all
bedrooms updated with laminate flooring in October 2016. The home includes a 2-car garage with a concrete slab and full electricity,
along with a large, fully fenced yard and abundant parking. Parking features include a 3-car parking pad with 30,000 lbs of crushed white rock,
additional concrete parking in front of the garage, and an attached carport. Additional upgrades include: • New A/C unit and ductwork
(September 2017) • New water heater (October 2024) • New water softener (November 2017) • New ceiling fans with lights, light fixtures,
outlets, and switches throughout • New roof installed in 2024 The main bathroom was completely remodeled in December 2017, featuring a
large walk-in shower, new tile, toilet, vanity, sink, and fixtures. Mechanical updates include a new well pressure tank (October 2023), a well
pump approximately 2 years old, and a rebuilt septic drain field (Aug 2017). This well-maintained home offers generous space, functionality, and extensive upgrades-ready for its next owner!
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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%.
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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.
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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 Bithlo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017