1938 Tullagee Avenue
About This Property
Upstairs offers a very large master bedroom with connected master bather where you will find double-sinks, separate tub and shower. There are two other sizeable guest bedrooms, a large open loft and a fully remodeled guest bath upstairs. The home is on a corner lot to allow for a little extra space while you relax on you trussed back patio. Fresh paint inside and out within the last year. New carpet installed for the sale of the home.
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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 Capron Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017