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18757 MESA TERRACE
About This Property
The lot itself is one of a kind too. It's the last one on Mesa Terrace, a dead-end street with zero thru-traffic, and it's the only lot in the whole neighborhood backing up to mature trees. Add the stained wood-picket privacy fence, and you've got a backyard that feels private.
Inside, this 3-bed, 2-bath home has been well taken care of: EnergySTAR stainless appliances, a convection oven, granite counters with backsplash, upgraded plank flooring, and a heat pump HVAC system that's only 5 years old. The roof's architecturally shingled for durability. No HOA, and it's outside city limits - so your costs stay lower too.
Homes like this don't sit long once the right buyer finds them. Come see it for yourself schedule your tour 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