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19 3rd Street
About This Property
The home is situated on a dead-end stre3et right off Wellwood Avenue. There is easy access to Sunrise Highway and the Parkway. Just north on Wellwood is Route 109 and less than a half mile south is Sunrise.
There is a roomy primary bedroom on the first floor along with a full bath and a second bedroom. There is also a first floor laundry for convenience. Upstairs you will find two more bedrooms and space for another bath with small renovations. There is a very private, flat and roomy backyard with access to the next street through a back gate. This house is just waiting for you to be the next owners!
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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 North Lindenhurst
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$3,245 /mo
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$4,250 /mo
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- 1,164 ft²
Data Source: OneKey MLS
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